On January 1, 2021, Rhodes Co

question 45

Multiple Choice

On January 1, 2021, Rhodes Co. owned 75% of the common stock of Brock Co. On that date, Brock's stockholders' equity accounts had the following balances: The balance in Rhodes's Investment in Brock Co. account was $570,000, and the noncontrolling interest was $190,000. On January 1, 2021, Brock Co. sold 10,000 shares of previously unissued common stock for $12 per share. Rhodes did not acquire any of these shares.What is the balance in Rhodes's Investment in Brock Co. account following the sale of the 10,000 shares of common stock?

• A)$403,000.
• B)$550,000.
• C)$570,000.
• D)$660,000.
• E)$880,000.

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Definitions:

Self-Esteem

An individual's subjective evaluation of their own worth, encompassing beliefs and emotions about oneself.

Objective Self-Appraisal

The evaluation of oneself through an unbiased, factual understanding of one's skills, qualities, and abilities.

Unconscious Dynamics

Psychological processes and motivations occurring outside of conscious awareness that influence behavior and emotions.

Personal Myth

An individual's collection of beliefs, stories, and values that form their personal identity and perception of the world.