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.

For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.rahal's accounts receivable at december 31, 2018, are:

The different concepts in the architecture operating model are aligned with how the business chooses to integrate and standardize with an enterprise solution. in the the technology solution shares data across the enterprise.

When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.