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

question 42

Multiple Choice

P Company purchased 90% of the outstanding common stock of S Company on January 1, 2012.S Company's stockholders' equity at various dates was: The workpaper entry to establish reciprocity under the cost method in the preparation of a consolidated statements workpaper on December 31, 2014 should include a credit to P Company's retained earnings of

• A)$40,000.
• B)$117,000.
• C)$130,000.
• D)$153,000.

---

Definitions:

Point of Difference

Unique attributes or benefits of a product or service that set it apart from competitors in the eyes of customers.

Sincerity

The quality of being open, truthful, and free from deceit or pretense.

Social Audit

An evaluation method used to measure a company's social and environmental performance and impact.

Societal Marketing Programs

Marketing strategies focused not only on meeting the needs of consumers but also on benefiting society as a whole by considering the societal and environmental impact of products and practices.