If the acquired subsidiary has outstanding public debt or preferred stock, the SEC ____________ push down accounting.
A. Requires
B. Encourages, but does not require
C. Prohibits
D. Discourages, but does not prohibit
Ans: B. Encourages, but does not require
Business
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Monty, a career criminal, steals a diamond from Prime Cut Jewelers. He then sells it to Adamas Jewelers, who is unaware of the stolen nature of the diamond
If Prime Cut discovers that the diamond is with Adamas, and reclaims the diamond, what warranty breach can Adamas declare to recover the cost from Monty? A) warranty against infringements B) warranty of no security interests C) warranty of no interference D) warranty of good title
Business
Something a database must do to fulfill its purpose is called a:
A) Requirement B) Procedure C) Report D) Form
Business