Justings Co

question 95

Multiple Choice

Justings Co.owned 80% of Evana Corp.During 2018, Justings sold to Evana land with a book value of $48,000.The selling price was $70,000.For purposes of the December 31, 2018 consolidated financial statements, at what amount should the land be reported?

• A) $17,600.
• B) $22,000.
• C) $48,000.
• D) $56,000.
• E) $70,000.

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Definitions:

Titrate

The process of adjusting the dose of a drug or the concentration of a solution gradually until the desired effect is reached.

Infusion Rates

The speed at which fluids or medications are administered intravenously to a patient, usually measured in milliliters per hour (mL/hr).

Medicated IV

An intravenous infusion containing medication to treat or manage a specific medical condition.

Infusion Rates

The speed at which fluids or medications are administered intravenously to a patient, measured in milliliters per hour (mL/hr).