Use the Following Information to Answer Question(s) Below

question 35

Multiple Choice

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

On January 1, 2014, Punch Corporation purchased 80% of the common stock of Soopy Co. Separate balance sheet data for the companies at the acquisition date (after the acquisition) are given below:

-What is the amount of consolidated Retained Earnings?

• A)$224,000
• B)$259,200
• C)$304,000
• D)$324,000

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Definitions:

Escape Response

A behavior aimed at moving away from or avoiding an unpleasant stimulus or situation, often studied in the context of aversive conditioning.

Passive Avoidance

A learning process in which an individual learns to refrain from engaging with a negative stimulus to avoid an unpleasant outcome.

Active Avoidance

The action of learning to evade a disliked stimulus by performing specific behaviors to ensure the stimulus is not encountered.

Aversive Events

Unpleasant or harmful events or stimuli that an individual seeks to avoid or escape.