Category: Quizs

The difference between the BTRORs of fully-taxable and tax-favored investments is called
A)an explicit tax.
B)an implicit tax.
C)an effective tax.
D)a marginal tax.

A movement along a demand curve from one price-quantity combination to another is called
A) a change in quantity demanded.
B) a shift in the demand curve.
C) a change in demand.
D) a change in quantity supplied.
E) a change in supply.

Where does the noncontrolling interest in Stage’s net income appear on a consolidated statement of cash flows?
A) $30,000 added to net income as an operating activity on the consolidated statement of cash flows.
B) $30,000 deducted from net income as an operating activity on the consolidated statement of cash flows.
C) $30,000 increase as an investing activity on the consolidated statement of cash flows.
D) $30,000 decrease as an investing activity on the consolidated statement of cash flows.
E) Noncontrolling interest in Stage’s net income does not appear on a consolidated statement of cash flows.

If Smith’s net income is $100,000 in the year following the acquisition,
A) The portion allocated to the common stock (residual amount) is $92,800.
B) $10,800 preferred stock dividend will be subtracted from net income attributed to common stock in arriving at noncontrolling interest in consolidated income.
C) The noncontrolling interest in consolidated net income is $27,200.
D) The preferred stock dividend will be ignored in noncontrolling interest in consolidated net income because Nichols owns the noncontrolling interest of preferred stock.
E) The noncontrolling interest in consolidated net income is $30,800.

Suppose that the price of beer increases.One would expect to see
A) an increase in the quantity of wine demanded.
B) an increase in the demand for wine.
C) a decrease in the quantity of wine demanded.
D) a decrease in the demand for wine.
E) no change in the wine market.