ACME Co Paid $110,000 for the Net Assets of Comb Corp

question 9

Multiple Choice

ACME Co. paid $110,000 for the net assets of Comb Corp. At the time of the acquisition the following information was available related to Comb's balance sheet: What is the amount recorded by ACME for the Building?

• A)$110,000
• B)$20,000
• C)$80,000
• D)$100,000

---

Definitions:

Optimal Distinctiveness Theory

A social psychology theory suggesting individuals seek to balance their need for uniqueness with their desire for belonging.

Need for Control

An individual's desire or requirement for autonomy and influence over their environment or situation.

Autonomy

The capacity to make an informed, uncoerced decision; often associated with self-governance and independence.

Individualistic Societies

Societies that emphasize personal achievements, individual rights, and autonomy, as opposed to collective goals.