Use the Following Information to Answer the Question(s) Below

question 2

Multiple Choice

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

Paris Corporation purchased 80% of the outstanding voting common stock of Sanders Corporation on January 1, 2014, at a cost of $400,000. The stockholders' equity of Sanders Corporation on this date consisted of $200,000 of Capital Stock and $100,000 of Retained Earnings. Book values were equal to fair values except for land and inventory. The book value of Sanders' land was $10,000, and fair value was $22,000. The book value of Sanders' inventory was $30,000, and fair value was $25,000.

-Under the entity theory,what amount of goodwill was reported on the consolidated balance sheet at December 31,2014?

• A)$185,000
• B)$191,250
• C)$193,000
• D)$200,000

Comprehend the characteristics of a normally distributed curve.

Analyze test scores in relation to national norms.

Calculate and understand the mode in a data set.

Calculate and understand the interquartile range.

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Definitions:

Unexpected Wanted Event

A surprising occurrence that, despite being unforeseen, is welcomed or desired by those involved.

Normative-Stage Model

A theoretical model that suggests that human development proceeds through a series of predetermined, orderly stages.

Adult Personality

The combination of characteristics or qualities that form an individual's distinctive character in adulthood, shaped by developmental experiences.

Predictable Changes

These are alterations or developments that can be anticipated based on known patterns, historical data, or identifiable factors.