LaFevor Co

question 128

Multiple Choice

LaFevor Co. acquired 70% of the common stock of Dean Corp. on August 1, 2022. For 2022, Dean reported revenues of $960,000 and expenses of $780,000, all reflected evenly throughout the year. The annual amount of amortization related to this acquisition was $21,000.In consolidation, the total amount of expenses related to Dean, and to LaFevor's acquisition of Dean, for 2022 is determined to be

• A) $180,000.
• B) $234,000.
• C) $325,000.
• D) $333,750.
• E) $546,000.

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Definitions:

Discourse

Written or spoken communication or debate.

Orientalism

A concept referring to the Western representation and interpretation of Asian cultures, often based on stereotypes and the sense of Western superiority.

Imaginative Orientalism

A critique of how the East is romantically and often inaccurately depicted through a Western lens, perpetuating stereotypes and misunderstandings.

Gramsci

Refers to the work and thoughts of Antonio Gramsci, an Italian Marxist theorist and politician, known for his theories on cultural hegemony as a means of maintaining the state in a capitalist society.