Ace Has Always Been a Top Student, So It Was

question 99

Multiple Choice

Ace has always been a top student, so it was no surprise he won a $1,500 scholarship from the company where he worked summers to help with college expenses. Ace decides to spend his scholarship money on a new Apple MacBook. How will GDP be affected by Ace's recent purchases?

• A) Consumption will go up by $1,500, because a computer is a durable good.
• B) Investment will go up by $1,500, because a computer is a durable good.
• C) GDP will not be affected, since Ace acquired the computer with scholarship money.
• D) Consumption will go up by $1,500, because a computer is a nondurable good.

Recognize the methods for measuring NCI at the date of acquisition.

Understand the implications of full goodwill and impairment losses on NCI and parent interest.

Identify the differences between direct and indirect ownership interests within group structures.

Master the adjustment processes for unrealized profits and intragroup transactions in NCI calculations.

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Definitions:

Education

The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits.

Structural Functionalism

A sociological theory that views society as a complex system whose parts work together to promote solidarity and stability.

Symbolic Interactionism

A sociological perspective focusing on the role of symbols and language in human interactions and how they influence the way individuals perceive and define their social world.

Group Processes

The dynamic interactions and methods through which individuals in a group interact, communicate, and make decisions.