Wanda,a Grade 12 Student at a Local High School,experiences More

question 34

Multiple Choice

Wanda,a grade 12 student at a local high school,experiences more respect from the teachers and from younger students than she did when she was in grade 8,even though she does not feel she has changed.Why has she experienced a change in status?

• A) because high school is age stratified, with more prestige afforded to older students
• B) because she is more mature and people around her appreciate her change in attitude
• C) because she lives in a society that stereotypes younger students as unworthy of respect
• D) because younger adolescents are generally viewed as intolerable by society.

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Definitions:

Business Combination Valuation Entries

Journal entries made in accounting to record the assets and liabilities at their fair values in a business acquisition.

Dividend Payable

A liability recorded on a company's balance sheet representing the amount of dividends declared by the board of directors but not yet paid to shareholders.

Cum Div. Basis

A term indicating that a stock is trading with the right to receive the most recently declared dividend, as opposed to "ex-dividend" where the right is not included in the purchase.

Pre-acquisition Entry

A journal entry made to record the financial impacts of acquiring company interest or assets before full acquisition or control is obtained.