On january 1, 2016, dermot company purchased 15% of the voting common stock of horne corp. on january 1, 2018, dermot purchased 28% of horne’s voting common stock. if dermot achieves significant influence with this new investment, how must dermot account for the change to the equity method?

multiple choice

it must use the equity method for 2018 but should make no changes in its financial statements for 2017 and 2016.

it must restate the financial statements for 2017 as if the equity method had been used then.

it must restate the financial statements for 2017 and 2016 as if the equity method had been used for those two years.

incorrect
it should prepare consolidated financial statements for 2018.

it should record a prior period adjustment at the beginning of 2018 but should not restate the financial statements for 2017 and 2016.

Which type of data is generally stored in different file formats, such as text files, spreadsheets, and so on?

Lavage rapide is a canadian company that owns and operates a large automatic car wash facility near montreal. the following table provides data concerning the company’s costs: fixed cost per month cost per car washed cleaning supplies $ 0.70 electricity $ 1,400 $ 0.07 maintenance $ 0.15 wages and salaries $ 4,900 $ 0.30 depreciation $ 8,300 rent $ 1,900 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,400 per month plus $0.07 per car washed. the company expects to wash 8,000 cars in august and to collect an average of $6.50 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,100 revenue $ 54,100 expenses: cleaning supplies 6,100 electricity 1,930 maintenance 1,440 wages and salaries 7,660 depreciation 8,300 rent 2,100 administrative expenses 1,540 total expense 29,070 net operating income $ 25,030 required: calculate the company's revenue and spending variances for august.

Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.