Stroud Corporation Is an 80%-Owned Subsidiary of Pennie, Inc

question 37

Multiple Choice

Stroud Corporation is an 80%-owned subsidiary of Pennie, Inc., acquired by Pennie several years ago. On January 1, 20X2, Pennie sold land with a book value of $60,000 to Stroud for $90,000. Stroud resold the land to an unrelated party for $100,000 on September 26, 20X3. The land will be included in the December 31, 20X2 consolidated balance sheet of Pennie, Inc. and Subsidiary at ____.

• A)$48,000
• B)$60,000
• C)$72,000
• D)$90,000

Understand Weber’s Law and its application to sensory experience.

Recognize the effect of attention and memory on perception through top-down processing.

Describe the phenomenon of color vision deficiency and its underlying causes.

Understand the basis of color vision and how it varies among individuals.

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Definitions:

High School Students

Adolescents who are enrolled in high school, typically between the ages of 14 and 18, and are undergoing secondary education.

Coping Measurement

The evaluation of an individual's strategies and abilities to manage stress or adversity.

Negative Stressors

Factors or situations that cause stress and negatively impact an individual's physical or mental health.

Positive Events

Occurrences or activities that have a favorable impact on one's emotions or situations.