Company P Acquired 60% of the Outstanding Common Stock of Company

question 2

Multiple Choice

Company P acquired 60% of the outstanding common stock of Company S by issuing common stock with a market value of $420,000 on January 1, 20X3. The balance sheet of Company S was as follows on the acquisition date: The market values were as follows: Inventory, $130,000; Land, $150,000; Building, $400,000. The inventory was sold during 20X3, the building has a 10-year life, and any excess purchase price is attributed to goodwill. What adjustment is needed to consolidated net income to arrive at cash flow-operations for 20X4, under the indirect method, as a result of amortization of excesses from the purchase?

• A)$1,000
• B)$9,000
• C)$14,800
• D)$15,000

Explain how the definition of a product affects its elasticity of demand.

Determine the elasticity of demand for necessities versus luxuries.

Calculate the impact of price changes on quantity demanded and total revenue using elasticity coefficients.

Understand how specific and challenging goals affect commitment and motivation.

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Definitions:

Attachment

An emotional bond that forms between individuals, typically between a child and caregiver, which influences the child's development and future relationships.

Intersexed

A term used to describe individuals born with physical sex characteristics that do not fit typical binary notions of male or female bodies.

Transsexual

A term describing a person whose gender identity differs from the sex they were assigned at birth, often undergoing medical procedures to transition.

Equal

Having the same value, quantity, or measure as another entity or condition.