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Find Corp.is a joint venture in which Seek Inc.has a 20% interest.Seek uses the equity method to account for its investment but has yet to make any journal entries for 2010.The financial statements of both companies are shown below on December 31,2010. During 2010,Seek sold merchandise totaling $120,000 to Find and recorded a gross profit of 50% on these sales.At the end of 2010,Find's inventory contained $30,000 worth of merchandise purchased from Seek.Find also owed $50,000 to find at the end of 2010.
Seek shall use the proportionate consolidation method (current Canadian GAAP) to report its investment in Find Corp.for 2010.Both companies are subject to 40% tax rate.
-What is the total amount of deferred taxes that would appear on Seek's Consolidated Balance Sheet as at December 31,2010?
1, 1 And 5, 5
Refers to positions on a grid in managerial grid models that classify leadership styles; "1,1" is low task, low relationship, while "5,5" represents high task, high relationship.
Team
A group of individuals working together towards a common goal, leveraging diverse skills and collaborative efforts.
Blake And Mouton's Leadership Grid
A managerial framework that uses concern for people and production to categorize leadership styles, promoting a balanced approach for effectiveness.
Country Club
An approach to management characterized by a high concern for people but low concern for production, leading to a comfortable and friendly atmosphere but potentially lower levels of productivity.
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