On january 3, 2018, matteson corporation acquired 40 percent of the outstanding common stock of o’toole company for $1,377,000. this acquisition gave matteson the ability to exercise significant influence over the investee. the book value of the acquired shares was $909,000. any excess cost over the underlying book value was assigned to a copyright that was undervalued on its balance sheet. this copyright has a remaining useful life of 10 years. for the year ended december 31, 2018, o’toole reported net income of $261,000 and declared cash dividends of $50,000. at december 31, 2018, what should matteson report as its investment in o’toole under the equity method?

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

You have recently been made a department head of the new regional office. in getting to know your departmental staff, you have noticed that one of your inexperienced employees is not following through on assigned tasks. she is enthused about her new job and wants to get ahead in the organization. which alternative represents the most effective leadership style: a. discuss the lack of follow-through with her and explore thealternative ways this problem can be solved. b. specify what she must do to complete the tasks but incorporate any suggestions she may have. c. define the steps necessary for her to complete the assigned tasks and monitor her performance frequently. d. let her know about the lack of follow-through and give hermore time to improve her performance.

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?