During 2011, Bond Company Purchased the Net Assets of May

question 87

Multiple Choice

During 2011, Bond Company purchased the net assets of May Corporation for $1,000,000.On the date of the transaction, May had $300,000 of liabilities.The fair value of May's assets when acquired were as follows: How should the $500,000 difference between the fair value of the net assets acquired ($1,500,000) and the cost ($1,000,000) be accounted for by Bond?

• A)The $500,000 difference should be credited to retained earnings.
• B)The $500,000 difference should be recognized as a gain.
• C)The current assets should be recorded at $540,000 and the noncurrent assets should be recorded at $760,000.
• D)A deferred credit of $500,000 should be set up and then amortized to income over a period not to exceed forty years.

Recognize the role of social support, coping skills, and personality traits in stress resistance.

Analyze the effects of stress on health through behavioral and physiological changes.

Understand the process and significance of primary and secondary appraisals in stress perception.

Identify the relationship between negative life events, psychological distress, and stress.

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Definitions:

Natural Selection

A mechanism of evolution where organisms better adapted to their environment tend to survive and produce more offspring.

Functionalism

A perspective in psychology that emphasizes the purposes of behavior and mental processes and how they adapt to the environment.

Consciousness Purpose

Refers to the theories or explanations regarding why consciousness exists and its role in human cognitive processes and behavior.

Mental Images

The representation of objects, actions, or ideas that are not physically present, existing in the mind.