Pepe, Incorporated Acquired 60% of Devin Company on January 1

question 58

Multiple Choice

Pepe, Incorporated acquired 60% of Devin Company on January 1, 2020. On that date Devin sold equipment to Pepe for $45,000. The equipment had a cost of $120,000 and accumulated depreciation of $66,000 with a remaining life of 9 years. Devin reported net income of $300,000 and $325,000 for 2020 and 2021, respectively. Pepe uses the equity method to account for its investment in Devin.Assuming there are no excess amortizations or other intra-entity transactions, Compute the income from Devin reported on Pepe's books for 2020.

• A) $174,600.
• B) $184,800.
• C) $172,000.
• D) $171,000.
• E) $180,000.

Evaluate the impact of conflict on company culture and employee cooperation.

Interpret the significance of conflict perceptions, emotions, and manifestations in the workplace.

Recognize the challenges and strategies in managing conflict in diverse and evolving organizational contexts.

Explore the merits and limitations of various conflict management and resolution strategies.

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Definitions:

Simp

Informal slang, sometimes negative, referring to someone overly subservient to someone else without reciprocation, or excessively valuing someone who does not value them in return.

Conj

A shortened term for conjunction, referring to a compound sentence formed with the word "and" to connect clauses, propositions, or terms.

Simp

Slang term used to describe an individual who overvalues someone else, typically someone they are attracted to, often to the extent of debasing themselves.

Conj

A logical connective, short for "conjunction," that represents the logical AND operation, yielding true only if both of its arguments are true.