Drye township has received a donation of a rare painting worth $1,000,000. for drye's government-wide financial statements, three criteria must be met before drye can opt not to recognize the painting as an asset. which of the following is not one of the three criteria?
(1.) the painting is held for public exhibition, education, or research in furtherance of public service, rather than financial gain.
(2.) the painting is scheduled to be sold immediately at auction.
(3.) the painting is protected, kept unencumbered, cared for, and preserved.

a) item 1 is not one of the three criteria.
b) item 2 is not one of the three criteria.
c) item 3 is not one of the three criteria.
d) all three items are required criteria.
(e) none of the above

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.

Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?

Only the united states has embassies. true or false