When jolt co. acquired 75% of the common stock of yelts corp., yelts owned land with a book value of $70, 000 and a fair value of $100, 000. what amount should have been reported for the land in a consolidated balance sheet at the acquisition date?
a) $ 52, 500.
b) $ 70, 000.
c) $ 75, 000.
d) $ 92, 500.
e) $ 100, 000.

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is

Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes

There are three factors that can affect the shape of the treasury yield curve (r* t , ip t , and mrp t ) and five factors that can affect the shape of the corporate yield curve (r* t , ip t , mrp t , drp t , and lp t ). the yield curve reflects the aggregation of the impacts from these factors. suppose the real risk-free rate and inflation rate are expected to remain at their current levels throughout the foreseeable future. consider all factors that affect the yield curve. then identify which of the following shapes that the us treasury yield curve can take. check all that apply.a. downward-sloping yield curveb. upward-sloping yield curvec. inverted yield curve