Use the Following Information to Answer Questions

question 2

Multiple Choice

Use the following information to answer questions
Jamison Company purchased the assets of Booker Company at an auction for $1,400,000.An independent appraisal of the fair value of the assets is listed below:
-Horner Company buys a delivery van with a list price of $30,000.The dealer grants a 15% reduction in list price and an additional 2% cash discount on the net price if payment is made in 30 days.Sales taxes amount to $400 and the company paid an extra $300 to have a special horn installed.What should be the recorded cost of the van?

• A)$24,990.
• B)$25,645.
• C)$25,690.
• D)$25,390.

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Definitions:

Object-relations Theory

A psychoanalytic theory focusing on relationships with others, suggesting that individuals relate to others based on early experiences with primary caregivers.

Unconscious Representations

Mental processes and content not immediately accessible to conscious awareness but influencing thoughts, feelings, and behaviors.

Freud's Theory

A set of psychoanalytic theories developed by Sigmund Freud that emphasize unconscious processes, childhood experiences, and sexual and aggressive drives in human behavior.

Personality Systems

The organized set of characteristics and behaviors that makes a person unique and influences their interactions with the environment.