Match Each Following Terms with Their Correct Description from the Items

question 65

Multiple Choice

Match each following terms with their correct description from the items listed below.
-The sales price per unit

• A)horizontal-axis of cost-volume-profit graph
• B)vertical-axis of cost-volume-profit graph
• C)slope of revenue line
• D)slope of cost line
• E)point where the total revenue line and the total cost line intersect

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Definitions:

Subsidiary

A subsidiary is a company that is controlled by another company, known as the parent company, usually through ownership of more than half of the subsidiary's voting stock.

Acquisition Method

A set of accounting procedures used during a merger or acquisition to consolidate the financial statements of both companies into a single set of financials.

Goodwill

An intangible asset that arises when a company is purchased for more than the value of its net tangible assets, often related to reputation or brand.

Fair Value

An estimate of the market value of an asset or liability, based on current prices in an orderly transaction between market participants at the measurement date.