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

question 12

Short Answer

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

On December 31, 2014, Pinne Corporation sold equipment with a three-year remaining useful life and a book value of $21,000 to its 70%-owned subsidiary, Sull Company, for a price of $27,000. Pinne bought the equipment four years ago for $49,000. The salvage value is zero. Straight-line depreciation is used by both companies.

-After eliminating/adjusting entries are prepared,what was the intercompany sale impact on the consolidated financial statements for the year ended December 31,2014?

Recognize the principles of queer theory in relation to sexuality.

Understand the role of time, space, and transformation in globalization according to Giddens.

Grasp Michel Foucault's theories on power, knowledge, and the discipline of the body.

Discern the concept of privilege and how it is maintained through societal structures.

---

Definitions:

Scientific Investigation

A systematic process undertaken to gain knowledge and understanding about the natural world, following empirical and measurable evidence.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation, which can be tested through experimentation or observation.

Phenomenon

An observable event or a remarkable occurrence that can be scientifically described or investigated.

Null Hypothesis

An empirically testable hypothesis that two phenomena are entirely unrelated except perhaps by random chance.