What Method of Accounting Will Generally Be Used When One

question 9

Multiple Choice

What method of accounting will generally be used when one company purchases between 20% to 50% of the outstanding stock of another company?

• A)Only the fair value method may be used.
• B)Only the equity method may be used.
• C)The GAAP prescribed the equity method may be used.
• D)Neither the fair value method nor the equity method may be used,regardless of the level of ownership.

Understand the advantages and disadvantages of group decision making.

Identify different group decision-making methods and their applications.

Recognize the symptoms of groupthink and strategies for avoiding it.

Explain the importance and characteristics of high-performing teams.

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Definitions:

Communication Skills

The ability to convey or exchange information effectively through various forms of interaction, including verbal, non-verbal, written, and visual.

Viewpoints

Different perspectives or opinions held by individuals or groups on certain topics.

Listening

The active process of receiving, interpreting, and responding to verbal and non-verbal messages.

Physical Environments

concerns the tangible, physical conditions or surroundings in which individuals live or operate.