An organization must first do a ________ to help narrow down the ERP vendors to a select few

On Jan. 1, Stanton Co buys 10% of the outstanding shares of its parent, ProMart Inc. Although the total book and fair values of ProMart's net assets equaled $4 million, the price paid for these shares was $420,000. During the year, ProMart reported $510,000 of separate operating income (no subsidiary income was included) and declared dividends of $140,000. How are the shares of the parent owned by the subsidiary reported at Dec. 31?

A) an investment balance of $457,000 is eliminated for consolidation purposes B) consolidated stockholders' equity is reduced by $457,000 C) an investment balance of $437,000 is eliminated for consolidation purposes D) consolidated stockholders' equity is reduced by $420,000

Promises to pay and orders to pay must be unconditional in order to be negotiable

Indicate whether the statement is true or false