REFERENCE: Ref.02_05 Carnes Has the Following Account Balances as of May 1,2000

question 66

Multiple Choice

REFERENCE: Ref.02_05
Carnes has the following account balances as of May 1,2000 before a pooling of interests transaction takes place. The fair value of Carnes' Land and Buildings are $650,000 and $550,000,respectively.On May 1,2000,Riley Company issues 30,000 shares of its $10 par value ($25 fair value) common stock in exchange for all of the shares of Carnes' common stock.
-On May 1,2000,what value is assigned to the investment account?

• A)$300,000.
• B)$750,000.
• C)$800,000.
• D)$1,100,000.
• E)$1,300,000.

---

Definitions:

HITECH

The Health Information Technology for Economic and Clinical Health Act, promoting the adoption and meaningful use of health information technology.

Reduced Medication Errors

Strategies and practices implemented to decrease the frequency of errors in the prescribing, dispensing, and administration of medications.

Computer Physician Order Entry (CPOE)

A process by which healthcare providers can electronically enter medical instructions that are communicated directly to the hospital’s or clinic's staff, reducing the risk of errors.

Code Blue Team

A team of healthcare professionals assembled urgently to respond to a patient in cardiac arrest within a hospital setting.