Parent and Sub Inc

question 47

Multiple Choice

Parent and Sub Inc. had the following balance sheets on December 31, 2012: On January 1, 2013 Parent purchased all of Sub Inc.'s Common Shares for $40,000 in cash. On that date, Sub's Current Assets and Fixed Assets were worth $26,000 and $54,000, respectively. Assuming that Consolidated Financial Statements were prepared on that date, answer the following: The Shareholders' Equity section of the Consolidated Balance Sheet would show what amount?

• A) $19,000.
• B) $90,000.
• C) $98,000.
• D) $121,000.

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Definitions:

REM Sleep

Rapid Eye Movement sleep, a sleep stage characterized by eye movement, low muscle tone, and vivid dreams.

Stage 2 Sleep

A period of sleep characterized by the presence of sleep spindles and K-complexes, signifying a deeper sleep than Stage 1.

REM Sleep

A stage of sleep characterized by rapid eye movements and is associated with vivid dreaming.

Older Adults

Individuals who are in the later stage of life, often defined as 65 years of age and older, experiencing various physiological, cognitive, and social changes.