Dividing total assets by total equity gives you a(n) ________
A) ratio of equity to assets B) equity multiplier
C) equity divider D) equity manager
B
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Harvard Co. purchased a bond on December 1 of the current year for $30,000 and classified the investment as trading. The market value of the investment at year-end is $36,000. What value will be reported in net income for the adjustment?
A. $ 36, 000 B. $( 6, 000 ) C. $ 6, 000 D. $ 30, 000
AT&T’s proposed $39 billion acquisition of T-Mobile USA would have combined two of the four major national providers of mobile telephone services for both individuals and businesses. As a result of this acquisition, AT&T would be the provider of almost 40% of all mobile service, with Verizon and Sprint making up the remainder of the market. This is an example of:
A. Conglomerate diversification B. Horizontal acquisition C. Retrenchment D. Vertical acquisition