Racer Corp

question 14

Multiple Choice

Racer Corp.acquired all of the common stock of Tangiers Co.in 2016.Tangiers maintained its incorporation.Which of Racer's account balances would vary between the equity method and the initial value method?

• A) Goodwill, Investment in Tangiers Co., and Retained Earnings.
• B) Expenses, Investment in Tangiers Co., and Equity in Subsidiary Earnings.
• C) Investment in Tangiers Co., Equity in Subsidiary Earnings, and Retained Earnings.
• D) Common Stock, Goodwill, and Investment in Tangiers Co.
• E) Expenses, Goodwill, and Investment in Tangiers Co.

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Definitions:

Effective Behaviors

Actions or practices that lead to successful outcomes in various contexts, such as work or interpersonal relationships.

Blake And Mouton

Authors of the Leadership Grid model which evaluates leadership styles using two dimensions: concern for people and concern for production, emphasizing the importance of balancing both.

Concern For Results

The focus on achieving specific objectives and outcomes, often measured by performance indicators or success criteria.

Opportunism

The practice of taking advantage of opportunities with little regard for principles or consequences, often in a self-serving manner.