Connector Corporation Invested in an Unincorporated Joint Venture and Elected

question 49

Multiple Choice

Connector Corporation invested in an unincorporated joint venture and elected to use pro rata consolidation in preparing its financial statements.Connector reported income of $120,000 from its separate operations and net income of $150,000 for the year ended December 31,20X8.The joint venture reported assets of $150,000 and liabilities of $60,000 on January 1,20X8,and assets of $240,000 and liabilities of $75,000 on December 31,20X8.It made no distributions to owners during the year.Connector reports total assets (excluding its investment in the unincorporated joint venture) of $550,000 at December 31,20X8.
-Based on the preceding information,what amount of total assets will Connector report in its balance sheet on December 31,2008?

• A)$646,000
• B)$625,000
• C)$610,000
• D)$628,000

Recognize the risks and effects of using stimulants.

Identify the characteristics of narcotics and their impact on users.

Understand the unique effects and risks associated with hallucinogenic drugs.

Recognize the significance of dosage and tolerance in drug use.

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Definitions:

DNA Triplets

Sequences of three nucleotides in DNA that code for a specific amino acid or a start/stop signal in protein synthesis.

ATG

A codon in genetics that signals the start of a protein-coding sequence in DNA or RNA.

CGT

Cell and Gene Therapy, a field of medicine that aims to treat, prevent, or cure diseases by modifying gene expression or biological properties of living cells.

AUG

The codon in mRNA that signals the start of protein synthesis, translating as the amino acid methionine in eukaryotes and as formylmethionine in prokaryotes.