LargeCo files on a consolidated basis with LittleCo.The subsidiary was acquired for $250,000 on January 1,year 1,and it paid a $40,000 dividend to LargeCo at the end of both year 2 and year 3.
b.LargeCo sold LittleCo to an unrelated competitor for $400,000 on December 31, Year 3. How will LargeCo account for this sale?
Definitions:
Referent Power
Influence based on being admired or respected, allowing individuals to persuade others because of their personality, integrity, or other attractive traits.
Coercive Power
The ability to influence others' behavior by threats, punishment, or negative reinforcement.
Reward Power
The ability of an individual to influence others' actions by controlling the allocation of rewards.
Compliance
The behavior of targets of influence who agree to readily carry out the requests of the leader.
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