Examlex

Solved

The Following Comparative Consolidated Trial Balances Apply to Perella Company

question 39

Essay

The following comparative consolidated trial balances apply to Perella Company and its subsidiary Sherwood Company (80% control): The following comparative consolidated trial balances apply to Perella Company and its subsidiary Sherwood Company (80% control):    The following is additional information for 20X5: a)No trading securities were sold nor were any investments added to the portfolio. b)Land was acquired by issuing a $40,000 note and giving cash for the balance. c)Equipment (cost $50,000; accumulated depreciation $40,000) was sold for $3,000 d)Dividends declared and paid: Perella 50,000; Sherwood $40,000. e)Consolidated net income amounted to $178,900. Required: Prepare the consolidated statement of cash flows for the year ended December 31, 20X5, for Perella and its subsidiary.
The following is additional information for 20X5:
a)No trading securities were sold nor were any investments added to the portfolio.
b)Land was acquired by issuing a $40,000 note and giving cash for the balance.
c)Equipment (cost $50,000; accumulated depreciation $40,000) was sold for $3,000
d)Dividends declared and paid: Perella 50,000; Sherwood $40,000.
e)Consolidated net income amounted to $178,900.
Required:
Prepare the consolidated statement of cash flows for the year ended December 31, 20X5, for Perella and its subsidiary.

Identify examples of how operant conditioning principles are applied in real-life scenarios.
Analyze the role of immediate and delayed reinforcers in influencing behavior.
Understand the concepts of positive punishment and negative punishment and their implications for behavior modification.
Differentiate between operant conditioning and other learning theories.

Definitions:

Remembering

The cognitive process of retrieving past experiences or information.

Prototype

An original model or initial version of something from which other forms are copied or developed.

Penguin

A flightless seabird native to the Southern Hemisphere, particularly known for its distinctive black and white plumage.

Goose

A waterfowl of the family Anatidae, known for its long neck, webbed feet, and often migratory behavior.

Related Questions