Equity security holding between 20 and 50 percent indicates that the investor has a controlling interest over the investee

Developing a product offering is essentially a question of the width and depth of the product assortment

Indicate whether the statement is true or false a. True b. False

A contingency was evaluated at year-end

Management felt it was probable that this would become an actual liability and the amount could be reasonably estimated. If this is reported on the balance sheet, it could be considered a violation of generally accepted accounting principles. Indicate whether the statement is true or false