Use the Following Information to Answer Question(s) Below

question 15

Multiple Choice

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

On January 1, 2014, Punch Corporation purchased 80% of the common stock of Soopy Co. Separate balance sheet data for the companies at the acquisition date (after the acquisition) are given below:

-What is the amount of total assets?

• A)$1,380,000
• B)$1,402,000
• C)$1,470,000
• D)$1,875,000

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Definitions:

Sample Standard Deviation

A measure of the dispersion or variability of a set of sample data points around its mean.

Empirical Rule

The Empirical Rule, also known as the 68-95-99.7 rule, states that for a normal distribution, roughly 68% of data falls within one standard deviation of the mean, 95% within two standard deviations, and 99.7% within three standard deviations.

Coefficient of Variation

A statistical measure that shows the dispersion of data points or distribution relative to the mean, usually expressed as a percentage.

Standard Deviation

It quantifies the dispersion of a dataset relative to its mean, indicating how spread out the data points are.