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On January 1, 2014, Calas Company acquired 40% of the outstanding voting common stock of Nick Company as a long-term investment. During 2014, Nick reported net income of $10,000 and declared and paid dividends of $4,000. During 2014, Calas Company should report equity in affiliate earnings of
External Locus of Control
A belief system where individuals perceive their successes or failures resulting from external factors or forces beyond their control.
Distributive Fairness
Refers to the perceived fairness of outcomes and resource distributions within an organization or social group.
Procedural Fairness
The perceived fairness of the processes and methods used to make decisions and resolve disputes.
Input/Outcome Ratio
is a concept in equity theory that refers to an individual's perception of the fairness of their work input compared to the outcomes or rewards they receive.
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