Use the Following Information to Answer Questions

question 21

Multiple Choice

Use the following information to answer questions
On January 1, 2013, Poole Company purchased 75% of the common stock of Swimmer Company.Separate balance sheet data for the companies at the combination date are given below: Determine below what the consolidated balance would be for each of the requested accounts on January 2, 2013.
-What is the amount of total assets?

• A)$1,626,667.
• B)$1,566,667
• C)$1,980,000.
• D)$2,006,667.

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Definitions:

Falsifiable

The capability of a theory or hypothesis to be proven false by an experiment or observation, considered a cornerstone of the scientific method.

Replicable

Capable of being replicated or repeated with similar results.

Statistically Significant

A result that is unlikely to have occurred by chance alone, according to a predefined threshold in a statistical test.

Convenience Sample

A sampling technique where participants are selected based on their easy availability and proximity to the researcher.