Use the Following Information to Answer the Question(s) Below $$\begin{array} { l l } \text { Investment in Pascalian bonds } & \$ 97,600 \\\text { Interst income } & 6,600\end{array}$$

question 38

Multiple Choice

Use the following information to answer the question(s) below.

Pascalian Company owns a 90% interest in Sapp Company. On January 1, 2013, Pascalian had $300,000, 6% bonds outstanding with an unamortized premium of $9,000. The bonds mature on December 31, 2017. Sapp acquired one-third of Pascalian's bonds in the open market for $97,000 on January 1, 2013. Both companies use straight-line amortization of bond discounts/premiums. Interest is paid on December 31. On December 31, 2013, the books of the two affiliates held the following balances:
$$\begin{array} { l l } 6 \% \text { bonds payable } & \$ 300,000 \\\text { Premium on bonds } & 7,200 \\\text { Interest expense } & 16,200\end{array}$$ $$\begin{array} { l l } \text { Investment in Pascalian bonds } & \$ 97,600 \\\text { Interst income } & 6,600\end{array}$$
-Consolidated Interest Expense and consolidated Interest Income,respectively,that appeared on the consolidated income statement for the year ended December 31,2013 was

• A)$10,800 and $0.
• B)$10,800 and $6,600.
• C)$0 and $0.
• D)$16,200 and $6,600.

Know the standards for reporting abuse and the importance of reasonable suspicion.

Understand the purpose and proper use of a problem list in therapy.

Grasp the components of evidence-based practice excluding rigid adherence to manuals.

Appreciate the significance of flexible, comprehensive treatment plans that include client strengths and preferences.

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Definitions:

Marginal Cost

The additional expenditure involved in making one more unit of a product or service.

Retail Price

The total cost at which a product or service is sold to the end consumer, including any markups by retailers.

Price Elasticities

Measures the responsiveness of demand or supply of goods and services to changes in their prices.

Marginal Cost

The expenditure required to create one more unit of a product or service.