Use the Following Information to Answer the Question(s)below

question 11

Multiple Choice

Use the following information to answer the question(s) below.
On January 1,2011,Penelope Company acquired a 90% interest in Leah Company for $180,000 cash.On January 1,2011,Leah Company had the following assets and liabilities:
Push-down accounting is used for the acquisition.
-Assume the entity theory is used.On January 2,2011,Leah Company will report Goodwill of ________ and Accounts Receivable of ________ on Leah's balance sheet.

• A)$27,000;$30,000
• B)$27,000;$34,500
• C)$30,000;$30,000
• D)$50,000;$35,000

Relate the impact of culture, society, and personal factors on consumer wants and needs.

Assess the role and impact of social media within the marketing mix.

Understand ethical considerations in marketing decision-making.

Recognize the importance of marketing analytics in evaluating marketing performance.

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Definitions:

Financing Company

An organization that provides money or credit to individuals or companies for purchases or investments.

Reasonable Notice

A requirement for the provision of timely and clear information to all parties involved in a legal agreement or procedure.

Written Notice

A formal, documented communication required in many legal situations to officially inform a party of certain actions or intentions.

Oral Notice

Notification or communication of information conveyed through spoken words rather than written form.