Pinata Corporation Acquired an 80% Interest in Smackem Inc

question 23

Multiple Choice

Pinata Corporation acquired an 80% interest in Smackem Inc.for $130,000 on January 1, 2011, when Smackem had Capital Stock of $125,000 and Retained Earnings of $25,000.Assume the fair value and book value of Smackem's net assets were equal on January 1, 2011.Pinata's separate income statement and a consolidated income statement for Pinata and Subsidiary as of December 31, 2011, are shown below. Smackem's separate income statement must have reported net income of

• A) $13,750.
• B) $14,750.
• C) $15,750.
• D) $15,250.

Recognize the relationship between frustration and aggression as well as the historical theories supporting it.

Understand the legal and social frameworks for classifying violent crimes.

Identify strategies to boost self-esteem.

Understand the concept and applications of self-efficacy in personal and professional growth.

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Definitions:

Blood Vessel

Tubular structures carrying blood through the tissues and organs; a vein, artery, or capillary.

Blood Clot

A mass formed by the coagulation of blood in a part of the circulatory system, stopping bleeding or blocking a vessel.

Polycythemia Vera

A rare blood disorder characterized by an increased number of red blood cells, which can lead to an increased risk of blood clots, stroke, and heart attack.

Therapeutic Phlebotomy

A medical procedure that involves drawing blood from a patient to treat or manage various medical conditions.