Chain CoOwned All of the Voting Common Stock of Shannon Corp

question 114

Multiple Choice

Chain Co.owned all of the voting common stock of Shannon Corp.The corporations' balance sheets dated December 31,2009,include the following balances for land: for Chain--$416,000,and for Shannon--$256,000.On the original date of acquisition,the book value of Shannon's land was equal to its fair value.On April 4,2010,Chain sold to Shannon a parcel of land with a book value of $65,000.The selling price was $83,000.There were no other transactions which affected the companies' land accounts during 2010.What is the consolidated balance for land on the 2010 balance sheet?

• A)$672,000.
• B)$690,000.
• C)$755,000.
• D)$737,000.
• E)$654,000.

Grasp the concept of subliminal perception and its debated influence on behavior.

Recognize the importance of top-down and bottom-up processing in interpreting sensory information.

Understand the impact of cultural differences on perception, particularly in the context of visual illusions.

Explore the phenomenon of attention, including selective attention and inattentional blindness.

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Definitions:

Backlash

The play or loose movement in mechanical components, particularly in gears, resulting from gaps between parts.

Gear Teeth

The individual protrusions on the circumference of a gear that engage with those on another gear to transmit torque and motion.

Runout

A defect that causes side-to-side or lateral movement in a spinning object. In wheels it is commonly caused by imperfections in the wheel’s shape; in disc brakes it can be caused by a distorted rotor, hub flange distortion, or worn wheel bearings.

Electrons

Subatomic particles whose activity creates electric currents.