The Following Information Applies to Questions 41-45

question 47

Multiple Choice

The following information applies to Questions 41-45
On January 1, 20X6, Polka Co. (Polka) and Strauss Co. (Strauss) had condensed balance sheets as follows:
On January 2, 20X6, Polka borrowed $90,000 and used the proceeds to acquire 90% of the outstanding common shares of Strauss. This debt is payable in ten equal annual principal and accrued interest payments beginning December 30, 20X6. On the acquisition date, the fair value of Strauss was $100,000, and the excess cost of the investment over Strauss's carrying amount of acquired net assets should be allocated 60% to inventory and 40% to goodwill.
-Noncurrent liabilities on the January 2,20X6,consolidated balance sheet should be:

• A) $109,000
• B) $55,000
• C) $104,000
• D) $131,000

Know the historical and cultural context of Dorothea Lange's Migrant Mother photograph.

Recognize the leading figures and their contributions to the Harlem Renaissance.

Understand the thematic focus of American Regionalist painters and Marxist artists in their works.

Grasp the concepts and significance of modernist abstract works and the impact of the Mexican Revolution on art.

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Definitions:

Objective

Unbiased and not influenced by personal feelings or opinions in considering and representing facts.

Introverted Feeling

A cognitive function characterized by deep, introspective emotions and decisions based primarily on personal values and feelings.

Collective Unconscious

A concept proposed by Carl Jung, referring to the part of the unconscious mind which is derived from ancestral memory and experience and is common to all humankind.

Libido

Within the framework of psychoanalytic theory, the force of the sexual urge is considered a part of the life instinct.