Chain CoOwned All of the Voting Common Stock of Shannon Corp

question 76

Multiple Choice

Chain Co.owned all of the voting common stock of Shannon Corp.The corporations' balance sheets dated December 31, 2017, include the following balances for land: for Chain--$416,000, and for Shannon--$256,000.On the original date of acquisition, the book value of Shannon's land was equal to its fair value.On April 4, 2018, Chain sold to Shannon a parcel of land with a book value of $65,000.The selling price was $83,000.There were no other transfers, which affected the companies' land accounts during 2017.What is the consolidated balance for land on the 2018 balance sheet?

• A) $672,000.
• B) $690,000.
• C) $755,000.
• D) $737,000.
• E) $654,000.

Identify effective techniques for managing resistance to change within organizations.

Comprehend the theoretical framework of Lewin's planned change process and its applications.

Understand the concept of "Explicit and Implicit Coercion" in change management and its potential risks.

Recognize common reasons why individuals resist change within an organizational context.

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Definitions:

Forces of Competition

Forces of competition pertain to the external pressures in a marketplace from other firms that affect a company's ability to compete, often described in Porter’s Five Forces model.

Industry

A group of companies that operate in a specific sector of the economy, producing or supplying goods, services, or related technologies.

Strategic Plans

Long-term goals and the actionable steps designed to achieve an organization's objectives.

Business Plans

Documents that outline a company's strategy, financial forecasts, market analysis, and operational objectives.