Following Are Selected Accounts for Green Corporation and Vega Company

question 17

Multiple Choice

Following are selected accounts for Green Corporation and Vega Company as of December 31, 2015. Several of Green's accounts have been omitted. $$\begin{array} { l r r } & \text { Green } &{ \text { Vega } } \\\text { Revenues } & \$ 900,000 & \$ 500,000 \\\text { Cost of goods sold } & 360,000 & 200,000 \\\text { Depreciation expense } & 140,000 & 40,000 \\\text { Other expenses } & 100,000 & 60,000 \\\text { Equity in Vega's income } & ? & \\\text { Retained earnings, 1/1/15 } & 1,350,000 & 1,200,000 \\\text { Dividends } & 195,000 & 80,000 \\\text { Current assets } & 300,000 & 1,380,000 \\\text { Land } & 450,000 & 180,000 \\\text { Building (net) } & 750,000 & 280,000 \\\text { Equipment (net) } & 300,000 & 500,000 \\\text { Liabilities } & 600,000 & 620,000 \\\text { Common stock } & 450,000 & 80,000 \\\text { Additional paid-in capital } & 75,000 & 320,000\end{array}$$ Green acquired 100% of Vega on January 1, 2011, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2011, Vega's land was undervalued by $40,000, its buildings were overvalued by $30,000, and equipment was undervalued by $80,000. The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment. Compute the equity in Vega's income to be included in Green's consolidated income statement for 2015.

• A)$500,000.
• B)$300,000.
• C)$190,375.
• D)$200,000.
• E)$290,375.

Comprehend the behavioral and emotional indicators of high stress levels.

Recognize the importance and impact of time management and procrastination on stress.

Identify symptoms and strategies for managing burnout and compassion fatigue.

Understand the General Adaptation Syndrome and stages of stress response.

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Definitions:

Anglo-American

Pertaining to things, people, or cultural patterns that are both British and American in nature; often used to describe the historical and cultural ties between the United States and the United Kingdom.

Liberty

Existing in a societal state that lacks any oppressive measures by authorities affecting one’s lifestyle, actions, or political stance.

Eligible to Vote

The qualification or criteria that allow an individual the right to participate in electoral processes, typically determined by age, citizenship, and absence of legal incapacities.

Eighteenth Century

The period from January 1, 1701, through December 31, 1800, marked by significant world events like the Enlightenment, the American Revolutionary War, and the beginning of the Industrial Revolution.