The Balance Sheet of Mini Company Was as Follows Immediately

question 119

Multiple Choice

The balance sheet of Mini Company was as follows immediately before it was acquired by Maxi Company: Mini Company Statement of Financial P osition January 1, 20X0 $$\begin{array} { | l | r | } \hline \text { Cash } & \$ 90,000 \\\hline \text { Accounts receivable (net) } & 50,000 \\\hline \text { Inventory } & 150,000 \\\hline \text { Plant and equipment (net) } & 100,000 \\\hline \text { Total assets } & \$ 390,000 \\\hline & \\\hline \text { Accounts payable } & \$ 40,000 \\\hline \text { Notes payable } & 80,000 \\\hline \text { Common stock } & 155,000 \\\hline \text { Retained earnings } & \underline { 115,000 } \\\hline \text { Total Liabilities and Stockholders' Equity } & \$ 390,000 \\\hline\end{array}$$ On January 1, 20X0, Maxi Company paid $350,000 in cash for 100% of the outstanding common stock of Mini Company. The current market value of Mini Company's plant and equipment was $140,000 on the date of acquisition. If the market value and book value are the same for Mini's remaining assets, what is the net increase in Maxi's assets as a result of the merger with Mini?

• A) $430,000
• B) $470,000
• C) $120,000
• D) $390,000

Distinguish between homosexual behavior and identities, and understand the social changes that facilitated the development of homosexual identities.

Explore the relationship between the sexual double standard and the politics of sexual health, particularly in relation to STIs and HIV.

Understand the rules and options available to buyers and sellers regarding the risk of loss and destruction of goods.

Recognize the distinction between permissible and impermissible grounds for a seller or buyer to avoid a contract.

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Definitions:

LGBT-Friendly

An environment or policy that is open, accepting, and supportive of lesbian, gay, bisexual, and transgender individuals.

Queer Youth

Young individuals identifying as part of the LGBTQ+ spectrum, often facing unique social, emotional, and health challenges.

Risk for Violence

The potential for an individual or situation to result in harm or aggression towards oneself or others.

Triple Consciousness

Triple consciousness is an extension of W.E.B. Du Bois's concept of double consciousness, further exploring the internal conflict experienced by an individual who belongs to several marginalized groups.