The life expectancy of a particular brand of tire is normally distributed with a mean of 40,000 and a standard deviation of 5,000 miles. What percentage of tires will have a life of 34,000 to 46,000 miles?

Easton Company and Lofton Company were combined in a purchase transaction. Easton was able to acquire Lofton at a bargain price. The sum of the fair values of identifiable assets acquired less the fair value of liabilities assumed exceeded the cost to Easton. Proper accounting treatment by Easton is to report the excess amount as

a. a gain. b. part of current income in the year of combination. c. a deferred credit and amortize it. d. paid-in capital.

_____ occurs when a lawmaker or official asks for, is offered, or receives something valuable in return for being influenced to perform an official act

A. Lobbying B. Bribery C. Illegal gratuity D. Rigging