U.S. GAAP and IFRS view investments of between 20% and 50% of the voting stock of another company as minority, active investments unless evidence indicates that the investor cannot exert significant influence

Forming a strategic alliance is a way to:

a) increase control within an organization. b) bring together complementary skills c) reduce conflicts between employees. d) increase coordination within an organization.

The Colorado Jet Boat Company had a cash balance of $3 million at the beginning of 2010. During

2010, Sales were $8 million and expenses were $7 million. Therefore, A) the cash balance at the end of 2010 must be less than $11 million. B) the cash balance at the end of 2010 must be greater than $3 million. C) the cash balance at the end of 2010 is $4 million. D) the cash balance at the end of 2010 cannot be determined from the information given.