A group of people, who are knowledgeable about the process and its disconnects, meets to propose ideas for change in a rapid-fire manner. Such a session is called a brainstorming session

Which of the following product development strategies has the highest product development risk?

A) acquiring the developer B) alliances C) joint ventures D) new internally developed products E) purchasing technology

On January 1, 2016, Rapid Corporation purchased 25% of a foreign firm when its stockholders' equity section totaled 240,000 FCs

Rapid Corporation paid 75,000 FCs, with the excess over book value being attributed to equipment with a 5-year useful life. The foreign firm reported net income of 80,000 FCs for 2016 . Relevant exchange rates were as follows: Date 1 FC equal to January 1, 2016 $0.30 December 31, 2016 $0.35 Average 2016 $0.33 Required: Prepare the journal entries necessary to record the events concerning Rapid's investment in the foreign firm.