Use the Following Information to Answer Questions

question 15

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,
-Noncurrent liabilities should be

• A)$330,000.
• B)$312,000.
• C)$180,000.
• D)$162,000.

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Definitions:

Trend Values

Data points collected over time to analyze patterns, performance, or changes in a system or process for diagnostic and predictive purposes.

Graphic HMI Terminals

Devices that provide an interface for human-machine interaction, displaying graphics and information visually for users to control and monitor machinery or systems.

Continuous Process

A manufacturing or production process that operates non-stop, typically involving fluid or semi-fluid materials, aiming for a steady-state operation.

Product Material

The raw substances or components used in the manufacturing or construction of a product.