If the parent company owns 55% of the subsidiary company's outstanding common stock, the company should generally account for the income of the subsidiary under the:

(a) cost method
(b) fair value method
(c) consolidation method
(d) equity method

Ans: (c) consolidation method

Business

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a. Raw materials. b. Work in progress (WIP) c. Finished goods. d. Maintenance, repair & operations (MRO) e. Finished good types of inventory.

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Pride is a positive emotion. However, unchecked pride is hubris, which is not positive.

a. true b. false

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