Fort Owns 70% of the Outstanding Common Shares of Sort

question 23

Multiple Choice

Fort owns 70% of the outstanding common shares of Sort.On December 30,20X3,Sort sold some equipment to Fort for $100,000.The equipment had been purchased by Sort for $120,000 in 20X2,had accumulated amortization of $30,000 and a six-year remaining life at December 31,20X3.Both companies record a full year of amortization expense for assets purchased in the first half of the year and no amortization on assets purchased in the last half of the year.Equipment for Fort and Sort on their separate-entity balance sheets at December 31,20X3 was as follows:

What is the non-controlling interest's share of the consolidation adjustment on the balance sheet at December 31,20X3?

• A)$0
• B)$3,000
• C)$30,000
• D)$36,000

Comprehend the prisoner’s dilemma and its impact on decision-making in cooperation and competition.

Analyze factors influencing the likelihood of individuals to help others in distress.

Explore the effect of group dynamics on individual actions, including diffusion of responsibility and bystander apathy.

Understand the principles of social psychology in everyday interactions and decision-making.

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Definitions:

Innate Drives

Fundamental biological or psychological impulses inherent in all individuals from birth, driving behaviors such as hunger, thirst, or the need for social connection.

Genetically Transmitted

Characteristics or conditions that are passed from parents to offspring through genes.

Instincts

Innate, fixed patterns of behavior typically occurring in response to certain stimuli, common across a species and not requiring learned knowledge.

Intentionally Inflicting

The deliberate act of causing harm, damage, or suffering to others or oneself.