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

question 32

Multiple Choice

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

In 2014, Parla Corporation sold land to its subsidiary, Sidd Corporation, for $38,000. It had a book value of $24,000. In the next year, Sidd sold the land for $41,000 to an unaffiliated firm.

-The 2014 unrealized gain from the intercompany sale

• A)should be recognized in consolidation in 2014 by a working paper entry.
• B)should be eliminated from consolidated net income by a working paper entry that credits land for $14,000.
• C)should be eliminated from consolidated net income by a working paper entry that debits land for $14,000.
• D)should be eliminated from consolidated net income by a working paper entry that credits gain on sale of land for $14,000.

Identify the light that is most effective in triggering seed germination.

Comprehend the process of photomorphogenesis and its significance.

Explain the concept of transport in plants, focusing on hormone transport.

Describe the mechanisms of plant response to gravity and light.

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Definitions:

Off Season

A period of the year when a particular activity, typically related to tourism or agriculture, is at its lowest level of demand.

Average Variable Cost

The variable cost per unit of output, calculated by dividing total variable costs by the quantity of output produced.

Perfectly Competitive

Describes a market structure where numerous small firms compete against each other, and no single entity has market power to set the price of a homogeneous product.

Market Price

The price at which a good or service is offered in the marketplace, determined by supply and demand forces.