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Question : 81. A company that owns more than 50% of the common : 1246619

Accounting

 

81. A company that owns more than 50% of the common stock of another company is known as the 
A. parent company.
B. management company.
C. subsidiary company.
D. in-charge company.

82. If one company owns more than 50% of the common stock of another company a 
A. a partnership exists.
B. parent–subsidiary relationship exists.
C. the company whose stock is owned must be liquidated
D. the cost method should be used to account for the investment.

83. All of the following are factors contributing to the trend for regulators to adopt accounting principles using fair value concepts except: 
A. a greater percentage of total assets existing as receivables and securities.
B. pressure on regulators to adopt an international set of accounting principles and standards.
C. hybrid measurement methods within GAAP that conflict with each other.
D. the ease of applying market values to assets and liabilities.

84. All of the following are disadvantages of fair value use except: 
A. fair values may not be readily obtainable.
B. fair values may cause more fluctuations as change occurs from period to period.
C. comparability between companies may be impacted by different fair value measurement.
D. fair values can only be used on balance sheet accounts.

85. On January 1, 2010, Blanton Company’s Valuation Allowance for Trading Investments account has a debit balance of $22,500.  On December 31, 2010, the cost of the trading securities portfolio was $80,000.  The fair value was $98,000.  Which of the following would Blanton report? 
A. an Unrealized Loss on Trading Investments of $4,500.
B. an Unrealized Gain on Trading Investments of $4,500.
C. an Unrealized Gain on Trading Investments of $18,000.
D. an Unrealized Loss on Trading Investments of $18,000.

86. On April 1, 2010, Stanton Company purchased $50,000 of Harris Company’s 12% bonds at 100 plus accrued interest of $2,000. On June 30, 2010, Stanton received its first semiannual interest.  On February 1, 2011, Stanton sold $40,000 of the bonds at 103 plus accrued interest.  The journal entry Stanton will record on April 1, 2010, will include: 
A. a credit to Interest Payable for $2,000.
B. a debit to Investments – Harris Company for $52,000.
C. a credit for Cash of $50,000.
D. a debit to Investments – Harris Company for $50,000.

87. Use the following information to answer questions 48-50.

On May 1, 2010, Stanton Company purchased $50,000 of Harris Company’s 12% bonds at 100 plus accrued interest of $2,000. On June 30, 2010, Stanton received its first semiannual interest.  On February 1, 2011, Stanton sold $40,000 of the bonds at 103 plus accrued interest.

The journal entry Stanton will record on June 30, 2010, will include: 
A. a credit to Interest Revenue for $2,000.
B. a debit to Cash for $3,000.
C. a debit to Cash for $2,000.
D. a credit to Interest Receivable for $1,000.

88. Use the following information to answer questions 48-50.

On May 1, 2010, Stanton Company purchased $50,000 of Harris Company’s 12% bonds at 100 plus accrued interest of $2,000. On June 30, 2010, Stanton received its first semiannual interest.  On February 1, 2011, Stanton sold $40,000 of the bonds at 103 plus accrued interest.

The journal entry Stanton will record on February 1, 2011, will include: 
A. a credit to Interest Revenue for $1,200.
B. a credit to Gain on Sale of Investments for $1,200.
C. a debit to Cash for $41,200.
D. a credit to Interest Receivable for $500.

89. Use the following information to answer questions 48-50.

On May 1, 2010, Stanton Company purchased $50,000 of Harris Company’s 12% bonds at 100 plus accrued interest of $2,000. On June 30, 2010, Stanton received its first semiannual interest.  On February 1, 2011, Stanton sold $40,000 of the bonds at 103 plus accrued interest.

What are the total proceeds from the February 1, 2011 sale? 
A. $42,000
B. $41,700
C. $40,600
D. $41,600

 

 

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July 1, 2023
    

In this assignment, you will consider what personality traits are seen in an effective leader and what skills are critical for effective leadership.

Using the South University Online Library or the Internet, research the early trait theory.

Based on your research and understanding, complete the following discussion:

  • Provide a definition of leadership. First, give a textbook definition and then your own personal definition.
  • List and describe the critical skills required of leaders.
  • Using the early trait theory, list and describe common traits of leaders and managers.
  • List and describe the various leadership styles. According to you, which of these leadership styles is the best? Why?
  • Think about a time in your life when you engaged in an effective leadership performance. The role could be personal or work-related, such as organizing your church's choir, coaching your son or daughter's soccer team, leading your work team through reorganization, and so on. Apply these leadership concepts and theories to the time you served as a leader and answer the following questions:
    • What was the situation?
    • Where and when did it happen?
    • Who was involved?
    • What were the results?
    • What was your role?
    • What leadership style did you employ?
    • What critical skills did you use or display that made you an effective leader?
    • What traits of a leader do you possess that helped make you effective?
  • Think about a time when you were a member of a group or team that was led by an ineffective leader. Apply the leadership concepts and theories to the ineffective leader and answer the following questions:
    • What was the situation?
    • Where and when did it happen?
    • Who was involved?
    • What were the results?
    • What was your role?
    • What leadership style did the leader employ? Do you believe it was the right style for the situation? Explain why or why not.
    • What critical skills did the leader lack that made him or her ineffective as a leader?
    • What traits did the leader lack that made him or her ineffective?
    • What could the leader have done in order for there to have been a more favorable outcome?
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July 1, 2023
    

In this assignment, you will consider what personality traits are seen in an effective leader and what skills are critical for effective leadership.

Using the South University Online Library or the Internet, research the early trait theory.

Based on your research and understanding, complete the following discussion:

  • Provide a definition of leadership. First, give a textbook definition and then your own personal definition.
  • List and describe the critical skills required of leaders.
  • Using the early trait theory, list and describe common traits of leaders and managers.
  • List and describe the various leadership styles. According to you, which of these leadership styles is the best? Why?
  • Think about a time in your life when you engaged in an effective leadership performance. The role could be personal or work-related, such as organizing your church's choir, coaching your son or daughter's soccer team, leading your work team through reorganization, and so on. Apply these leadership concepts and theories to the time you served as a leader and answer the following questions:
    • What was the situation?
    • Where and when did it happen?
    • Who was involved?
    • What were the results?
    • What was your role?
    • What leadership style did you employ?
    • What critical skills did you use or display that made you an effective leader?
    • What traits of a leader do you possess that helped make you effective?
  • Think about a time when you were a member of a group or team that was led by an ineffective leader. Apply the leadership concepts and theories to the ineffective leader and answer the following questions:
    • What was the situation?
    • Where and when did it happen?
    • Who was involved?
    • What were the results?
    • What was your role?
    • What leadership style did the leader employ? Do you believe it was the right style for the situation? Explain why or why not.
    • What critical skills did the leader lack that made him or her ineffective as a leader?
    • What traits did the leader lack that made him or her ineffective?
    • What could the leader have done in order for there to have been a more favorable outcome?
default image
July 1, 2023
    

In this assignment, you will consider what personality traits are seen in an effective leader and what skills are critical for effective leadership.

Using the South University Online Library or the Internet, research the early trait theory.

Based on your research and understanding, complete the following discussion:

  • Provide a definition of leadership. First, give a textbook definition and then your own personal definition.
  • List and describe the critical skills required of leaders.
  • Using the early trait theory, list and describe common traits of leaders and managers.
  • List and describe the various leadership styles. According to you, which of these leadership styles is the best? Why?
  • Think about a time in your life when you engaged in an effective leadership performance. The role could be personal or work-related, such as organizing your church's choir, coaching your son or daughter's soccer team, leading your work team through reorganization, and so on. Apply these leadership concepts and theories to the time you served as a leader and answer the following questions:
    • What was the situation?
    • Where and when did it happen?
    • Who was involved?
    • What were the results?
    • What was your role?
    • What leadership style did you employ?
    • What critical skills did you use or display that made you an effective leader?
    • What traits of a leader do you possess that helped make you effective?
  • Think about a time when you were a member of a group or team that was led by an ineffective leader. Apply the leadership concepts and theories to the ineffective leader and answer the following questions:
    • What was the situation?
    • Where and when did it happen?
    • Who was involved?
    • What were the results?
    • What was your role?
    • What leadership style did the leader employ? Do you believe it was the right style for the situation? Explain why or why not.
    • What critical skills did the leader lack that made him or her ineffective as a leader?
    • What traits did the leader lack that made him or her ineffective?
    • What could the leader have done in order for there to have been a more favorable outcome?
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