REFERENCE: Ref.05_08 On January 1,2009,Smeder Company,an 80% Owned Subsidiary of Collins,Inc. ,Transferred

question 15

Multiple Choice

REFERENCE: Ref.05_08
On January 1,2009,Smeder Company,an 80% owned subsidiary of Collins,Inc. ,transferred equipment with a 10-year life (six of which remain with no salvage value) to Collins in exchange for $84,000 cash.At the date of transfer,Smeder's records carried the equipment at a cost of $120,000 less accumulated depreciation of $48,000.Straight-line depreciation is used.Smeder reported net income of $28,000 and $32,000 for 2009 and 2010,respectively.
-Compute Collins' share of Smeder's net income for 2010.

• A)$27,600.
• B)$23,600.
• C)$27,200.
• D)$24,000.
• E)$34,000.

Understand how sample size affects the confidence interval.

Recognize the importance of random sampling in the construction of confidence intervals.

Understand the concept of cause-and-effect in various contexts.

Identify the structure of paragraphs, focusing on topic sentences and supporting details.

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Definitions:

Facial Expressions

Nonverbal cues that convey emotions, intentions, or social information through movements of the facial muscles.

Own Emotions

An individual's personal feelings or affective states.

Fake Expressions

Facial expressions that are deliberately made to convey a particular emotion that is not genuinely felt by the person making the expression.

Real Emotions

Genuine feelings that reflect one's true emotional state, as opposed to feigned or suppressed emotions.