On January 1, 2021, Pride, Inc

question 65

Multiple Choice

On January 1, 2021, Pride, Inc. acquired 80% of the outstanding voting common stock of Strong Corp. for $364,000. There is no active market for Strong's stock. Of this payment, $28,000 was allocated to equipment (with a five-year life) that had been undervalued on Strong's books by $35,000. Any remaining excess was attributable to goodwill, which has not been impaired.As of December 31, 2021, before preparing the consolidated worksheet, the financial statements appeared as follows: During 2021, Pride bought inventory for $112,000 and sold it to Strong for $140,000. Only half of the inventory purchase price had been remitted to Pride by Strong at year-end. As of December 31, 2021, 60% of these goods remained in the company's possession.What is the total of consolidated revenues at December 31, 2021?

• A)$700,000.
• B)$644,000.
• C)$588,000.
• D)$560,000.
• E)$840,000.

Recognize the significance of observable behavior in psychological research.

Understand the contributions of cognitive psychology, including its relevance to artificial intelligence.

Discern the role and impact of psychoanalysis in psychology.

Appreciate the interdisciplinary connections and practical applications of psychology, such as its influence on technology and therapy.

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Definitions:

Social Tagging Search Engines

Online platforms that use user-generated tags for organizing and retrieving web content.

Bookmarking Search Engines

Web services that allow users to save, organize, and manage links to preferred web pages for easy access.

Metasearch Engines

Search tools that retrieve data from multiple search engines simultaneously to provide a comprehensive set of results.

Monitoring Algorithms

Computational techniques designed to track, analyze, and report data or performance metrics in real-time or over specified intervals.