Bern defaults on his debt to Credit Loan Company. The creditor obtains a judgment against Bern, who immediately moves to another state. Generally, the judgment will be

A) honored in other states.
B) enforced only in the state in which it was obtained.
C) appealed.
D) revoked.

Which of the following can be used to provide digital information to enhance physical reality,such as 3D graphics or texts?

A) Virtual reality
B) Content marketing
C) Hubs
D) User-generated content
E) Augmented reality

The unit product cost of Product J8 under the company's traditional costing method in which all overhead is allocated on the basis of direct labor-hours is closest to:

A) $752.61 per unit
B) $1,089.21 per unit
C) $1,301.97 per unit
D) $860.16 per unit

When a profit-maximizing firm in a competitive market experiences rising prices, it will respond with an increase in production.

Which of the following would not be a valid contributing justification for expanding your selling model to include selling goods on account?

A) market share increases
B) revenues generated always exceed the costs incurred
C) improved customer loyalty
D) customer convenience

Steven Company owns 40% of the outstanding voting common stock of Nicholas Corp. and has the ability to significantly influence the investee's operations. On January 4, 2021, the balance in the Investment in Nicholas Corp. account was $503,000. Amortization associated with this acquisition is $12,000 per year. During 2021, Nicholas earned net income of $120,000 and paid cash dividends of $40,000. Previously in 2020, Nicholas had sold inventory costing $35,000 to Steven for $50,000. All but 25% of that inventory had been sold to outsiders by Steven during 2020; the remainder was sold in 2021. Additional sales were made to Steven in 2021 at an intra-entity selling price of $75,000. The goods in the intra-entity sales cost Nicholas $54,000. Only 10% of the 2021 intra-entity purchases from Nicholas had not been sold to outsiders by the end of 2021.What amount of equity income would Steven have recognized in 2021 from its ownership interest in Nicholas?