Desidero Corporation Acquired 100% of the Common Stock of Basile

question 127

Multiple Choice

Desidero Corporation acquired 100% of the common stock of Basile Company for $170,000.On the date of acquisition,Basile Company's stockholders' equity consisted of: Common Stock,$100,000 and Retained Earnings,$70,000.On the date of the acquisition,Desidero Company's stockholders' equity consisted of: Common Stock $500,000 and Retained Earnings $1,000,000.On the acquisition date,the elimination entry to be made on a worksheet to prepare a consolidated balance sheet would include a:

• A)debit to Common Stock for $100,000.
• B)debit to Investment in Basile for $170,000.
• C)credit to Common Stock for $100,000.
• D)credit to Retained Earnings for $70,000.

Distinguish between constructive and destructive roles of emotions in relationships.

Recognize gender differences in emotional expression.

Understand the concept of an emotional intensity continuum.

Differentiate misconceptions from truths about emotions in conflict settings.

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Definitions:

Units Produced

The number of complete items that are made or finished by a manufacturing or production process.

Manufacturing Overhead Cost

Any expenses related to production that are not direct materials or direct labor.

Units Produced

The total number of finished products manufactured during a specific period.

Indirect Manufacturing Cost

Costs related to manufacturing that cannot be directly traced to specific units of product, similar to manufacturing overhead, including expenses like factory supervision.