Selected Information from the Separate and Consolidated Balance Sheets and Income

question 32

Multiple Choice

Selected information from the separate and consolidated balance sheets and income statements of Pare, Inc. and its subsidiary, Shel Co., as of December 31, 20X5, and for the year then ended is as follows:
Additional information:
During 20X5, Pare sold goods to Shel at the same markup on cost that Pare uses for all sales.
-At December 31,20X5,what was the amount of Shel's payable to Pare for intercompany sales?

• A) $12,000
• B) $6,000
• C) $58,000
• D) $64,000

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Definitions:

Bystander Effect

The tendency for any given bystander to be less likely to give aid if other bystanders are present.

Deindividuation

A psychological state where individuals lose their self-awareness and sense of individuality in groups, often leading to uninhibited and sometimes antisocial behavior.

Social Identities

Aspects of an individual's self-concept derived from their perceived membership in social groups such as nationality, ethnicity, gender, and social class.

Superordinate Goals

Shared goals that necessitate cooperative effort; goals that transcend individual differences and can only be achieved by working together.