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

Understand the first step in refusing requests and structuring refusal messages.

Identify strategies for delivering negative news effectively.

Recognize the importance of explaining the fairness and reasoning behind negative decisions.

Learn how to present bad news in a manner that maintains a positive tone and relationship.

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Definitions:

RFP

Request for Proposal; a document that solicits proposal, often through a bidding process, from potential suppliers or contractors.

Implications

The possible effects, consequences, or outcomes that may result from a particular action or set of conditions.

Organizational Plans

Strategic outlines crafted by businesses or institutions to achieve long-term goals, detailing the courses of action needed.

Competitors

Entities, individuals, or organizations that are in rivalry for the same objectives, such as market share or recognition.