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Ting Corp Owns 75% of Won Corp

question 10

Multiple Choice

Ting Corp. owns 75% of Won Corp. and uses the Cost Method to account for its Investment, chapters) for the Year ended December 31, 2013 are shown below: Other Information: ▪Won sold a tract of land to Ting at a profit of $20,000 during 2013. This land is still the property of Ting Corp.
▪On January 1, 2013, Won sold equipment to Ting at a price that was $20,000 lower than its book value. The equipment had a remaining useful life of 5 years from that date.
▪On January 1, 2013, Won's inventories contained items purchased from Ting for $120,000. This entire inventory was sold to outsiders during the year. Also during 2013, Won sold inventory to Ting for $30,000. Half this inventory is still in Ting's warehouse at year end. All sales are priced at a 20% mark-up above cost, regardless of whether the sales are internal or external.
▪Won's Retained Earnings on the date of acquisition amounted to $700,000. There have been no changes to the company's common shares account.
▪Won's book values did not differ materially from its fair values on the date of acquisition with the following exceptions:
▪Inventory had a fair value that was $50,000 higher than its book value.
▪A patent (which had not previously been accounted for) was identified on the acquisition date with an estimated fair value of $20,000. The patent had an estimated useful life of 5 years.
▪There was a goodwill impairment loss of $10,000 during 2013.
▪Both companies are subject to an effective tax rate of 40%.
▪Both companies use straight line amortization exclusively.
▪On January 1, 2013, Ting acquired half of Won's bonds for $60,000.
▪The bonds carry a coupon rate of 10% and mature on January 1, 2033. The initial bond issue took place on January 1, 2013. The total discount on the issue date of the bonds was $20,000.
▪Gains and losses from intercompany bond holdings are to be allocated to the two companies when consolidated statements are prepared. What is the amount of unamortized acquisition differential (excluding unimpaired goodwill) on December 31, 2013?

Analyze how classical conditioning principles can explain complex human behaviors and preferences.

Recognize the implications of conditioned taste aversions.

Identify and explain the significance of key experiments in the development of behaviorism, including Watson and Pavlov's work.

Explain the concept of vicarious conditioning.

Definitions:

Cognitive Processes

The mental activities of an individual, including perception, memory, reasoning, problem-solving, and decision-making.

Behavioral Responses

Actions or reactions of an individual in response to external or internal stimuli.

External Stimuli

Are outside factors or events that influence an individual's physiological and psychological reactions.

Middle-Range Theory

A theory that focuses on explaining phenomena within a specific, limited range of contexts, bridging the gap between grand theories and empirical observations.