P CorpOwns 90% of the Outstanding Common Stock of S Company

question 9

Multiple Choice

P Corp.owns 90% of the outstanding common stock of S Company.On December 31, 2014, S sold equipment to P for an amount greater than the equipment's book value but less than its original cost.The equipment should be reported on the December 31, 2014 consolidated balance sheet at

• A)P's original cost less 90% of S's recorded gain.
• B)P's original cost less S's recorded gain.
• C)S's original cost.
• D)P's original cost.

Simplify algebraic expressions involving powers and roots.

Utilize the properties of exponents to simplify expressions and solve equations.

Convert expressions with negative exponents into positive exponents correctly.

Perform operations on polynomial expressions, including addition, subtraction, and simplification.

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Definitions:

Taste Receptors

Specialized sensory cells located on the tongue that detect taste modalities such as sweet, salty, bitter, and sour.

Scleral Venous Sinus

A circular channel in the eye that drains aqueous humor from the eye into the bloodstream, also known as the Canal of Schlemm.

Aqueous Humor

is a clear fluid located in the front and between the lens and the cornea of the eye, helping to maintain intraocular pressure and provide nutrients to the eye tissues.

Anterior Cavity

A body cavity located at the front part of the body, which includes the thoracic and abdominopelvic cavities, housing major organs.