Use the Following Information for Questions

question 20

Multiple Choice

Use the following information for questions . On January 2, 2013 Pell borrowed $240,000 and used the proceeds to purchase 90% of the outstanding common stock of Sand.This debt is payable in 10 equal annual principal payments, plus interest, starting December 30, 2013.Any difference between book value and the value implied by the purchase price relates to land.
On Pell's January 2, 2013 consolidated balance sheet,
-Noncurrent assets should be

• A)$520,000.
• B)$536,000.
• C)$544,000.
• D)$586,667.

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Definitions:

Conscious Awareness

The state of being mentally alert and fully aware of one's thoughts, feelings, and surroundings, enabling deliberate actions and decisions.

External Environment

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Cognitive Intelligence

The ability of an individual to learn from experience, reason, remember important information, and cope with the demands of daily living.

Emotional Intelligence

The ability to recognize, understand, manage, and reason with emotions in oneself and others.