REFERENCE: Ref.05_10 Stark Company,a 90% Owned Subsidiary of Parker,Inc. ,Sold Land to Land

question 10

Multiple Choice

REFERENCE: Ref.05_10
Stark Company,a 90% owned subsidiary of Parker,Inc. ,sold land to Parker on May 1,2009,for $80,000.the land originally cost Stark $85,000.Stark reported net income of $200,000,$180,000,and $220,000 for 2009,2010,and 2011,respectively.Parker sold the land it purchased from Stark in 2009 for $92,000 in 2011.
-Which of the following will be included in a consolidation entry for 2009?

• A)Debit loss for $5,000.
• B)Credit loss for $5,000.
• C)Credit land for $5,000.
• D)Debit gain for $5,000.
• E)Credit gain for $5,000.

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Definitions:

Family Constellation

A therapeutic approach aimed at revealing and addressing hidden dynamics within a family or relationship to resolve issues.

Basic Mistakes

A term potentially related to cognitive or behavioral therapy referring to fundamental errors in thinking or behavior that can lead to psychological distress. (If not a recognized term, then NO.)

Brief Psychodynamic Therapies

A form of therapy focusing on unconscious processes as they are manifested in a person's present behavior, with an emphasis on shorter treatment durations.

Transference Phenomena

In psychotherapy, the redirection of a client's feelings for a significant person in their life towards the therapist, often unconsciously replicating past behaviors and emotional conflicts.