N2004, gaap expanded the definition of 'control' and addressed the definition and consolidation requirements forless than 50% owned subsidiaries. foreign subsidiaries. permanently impaired subsidiaries. variable interest entities. entities financed with subordinated debt.

You are a professor of economics at a university.? you've been offered the position of serving as department? head, which comes with an annual salary that is ? $5 comma 500 higher than your current salary.? however, the position will require you to work 200 additional hours per year. suppose the next best use of your time is spending it with your? family, which has value of ? $10 per hour.