The Balance Sheet of Mini Company Was as Follows Immediately

question 112

Multiple Choice

The balance sheet of Mini Company was as follows immediately before it was acquired by Maxi Company:
- If the fair value and book value are the same for Mini's remaining assets and liabilities,what is the net increase in Maxi's assets only,after paying the cash for Mini?

• A)$430,000.
• B)$470,000.
• C)$120,000.
• D)$390,000.

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Definitions:

Specific Factor

An element or aspect that has a particular influence on an outcome or situation, distinguishing it from other variables.

Spearman's

Refers to Spearman's rank correlation coefficient, a statistical measure used to assess the strength and direction of association between two ranked variables.

Gardner's Theory

A theory proposed by Howard Gardner suggesting that intelligence is not a single general ability but a combination of multiple intelligences.

Multiple Intelligence

A theory proposed by Howard Gardner, suggesting that intelligence is not a single ability but consists of multiple intelligences, including linguistic, logical-mathematical, spatial, musical, bodily-kinesthetic, interpersonal, intrapersonal, and naturalistic.