On January 1, 2008, Centurian Corporation Purchased 40% of the Outstanding

question 92

Multiple Choice

On January 1, 2008, Centurian Corporation purchased 40% of the outstanding stock of Street Kings Corporation for $750,000. Net income reported by Street Kings Corporation for 2007 was $110,000. Dividends paid by Street Kings Corporation during 2007 were $65,000. The long- term investment will appear on Centurian Corporation's December 31, 2008 balance sheet at:

• A)$750,000.
• B)$860,000.
• C)$768,000.
• D)$795,000.

Differentiate between the economic policies advocated by different schools of economics.

Analyze the implications of economic theories on fiscal and monetary policy.

Understand the concepts of rational expectations and their impact on policy effectiveness.

Grasp the fundamentals of supply-side economics, including the role of tax rates.

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Definitions:

Rule Of Law

The requirement that no person is above the law and state power should not be applied arbitrarily.

Enforceable

Capable of being imposed or complied with through legal processes or authority.

Subcontractor

An individual or business that signs a contract to perform part or all of the obligations of another's contract.

Plumbing Materials

Supplies and fixtures used in the installation, maintenance, and repair of water and drainage systems in buildings.