Use the Following Information to Solve the Following Questions:
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question 126

Multiple Choice

Use the following information to solve the following questions:
The summarized balance sheets of Thunder Bay Corp. and Fort William Corp. at December 31, 2020, are as follows:
$\quad$$\quad$$\quad$$\quad$ THUNDER BAY CORP.
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Balance Sheet
$\quad$$\quad$$\quad$$\quad$$\quad$ December 31, 2020
$\begin{array}{llcc} \text {Assets. } &\underline{\$400,000} \\ \text {Liabilities. } &\$50,000\\ \text { Common shares } &200,000\\ \text { Retained earnings } &\underline{150,000}\\ \text { Total equities } &\underline{\$400,000}\\\end{array}$


$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ FORT WILLIAM CORP.
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Balance Sheet
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ December 31, 2020
$\begin{array}{llcc} \text { Assets } & \underline{\$300,000} \\\end{array}$

$\begin{array}{c}\text {FORT WILLIAM CORP.}\\\text {Balance Sheet}\\\text {December 31,2020}\\\begin{array}{lll} \text { Assets.}\\ \text { Liabilities}\\ \text { Common shares.}\\ \text { Retained earnings.}\\ \text { Total equities.}\end{array}\begin{array}{l}\underline{\$ 300,000}\\\$ 75,000 \\185,000 \\\underline{40,000} \\\underline{\$ 300,000 }\\\end{array}\end{array}$

-If Thunder Bay acquired a 20% interest in Fort William on December 31, 2020, for $ 65,000 and the equity method of accounting for the investment were used, the amount of the debit to Investment in Fort William Corp. would have been

• A) $ 65,000.
• B) $ 60,000.
• C) $ 45,000.
• D) $ 37,000.

Grasp the concept of arbitration and its variations in resolving labor disputes.

Explain the rights of strikers and the limitations on strike actions.

Comprehend the factors leading to the decline in strikes and the relationship between labor market conditions and strike probability.

Distinguish between economic strikes and unfair labor practice strikes, including the rights of strikers and replacements.

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Definitions:

Aversive Conditioning

A behavior modification technique where an undesirable behavior is paired with an unpleasant stimulus to reduce or eliminate that behavior.

Unconditioned Stimuli

A stimulus that naturally and automatically triggers an unconditioned response without prior conditioning.

Ethical Reasons

Justifications for actions or decisions based on moral principles and values.

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning techniques.