Use the Following Information to Answer Questions

question 6

Multiple Choice

Use the following information to answer questions
On January 1, 2013, Pent Company and Shelter Company had condensed balanced sheets as follows: On January 2, 2013 Pent borrowed $180,000 and used the proceeds to purchase 90% of the outstanding common stock of Shelter.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 Pent's January 2, 2013 consolidated balance sheet,
-Current liabilities should be

• A)$150,000.
• B)$138,000.
• C)$120,000.
• D)$90,000.

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A statistical measure that describes the extent to which two variables change together and thus how well one variable can predict the other.

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