A company recently acquires 85% control over another company. They account for this investment under the initial value method. The subsidiary earns $100,000 income during the year, pays $75,000 dividends, and has excess amortizations of $10,000. How much should the investment in sub account increase as a result of these operations?

Revenue is recognized when it is both earned and realized.

At 12/31/10 there were 1,000,000 shares issued and 300,000 where held as treasury stock. During 2011, 100,000 shares were excercised via stock options and the company repurchased 50,000 of its outstanding shares. How many shares were outstanding as of 12/31/11?

Under US GAAP, if you own 75% of a company, what is the appropriate accounting method?

A fixed asset that is fully depreciated would:

An intangible asset may be amortized for a maximum of:

With a decrease in an expense, you must _____ the account.

The multiple-step income statement for a merchandiser shows each of the following features except:

What is the best definition of Net Working Capital?

Which of the following defines market value?

Which of the following assets is the hardest to liquidate?