Examlex

Solved

In Order to Reduce the Risk Associated with a New

question 10

Multiple Choice

In order to reduce the risk associated with a new line of business,Conservative Corporation established Spin Company as a wholly owned subsidiary.It transferred assets and accounts payable to Spin in exchange for its common stock.Spin recorded the following entry when the transaction occurred:
In order to reduce the risk associated with a new line of business,Conservative Corporation established Spin Company as a wholly owned subsidiary.It transferred assets and accounts payable to Spin in exchange for its common stock.Spin recorded the following entry when the transaction occurred:    -Based on the preceding information,what amount did Conservative report as its investment in Spin after the transfer of assets and liabilities? A) $181,000 B) $221,000 C) $263,000 D) $243,000
-Based on the preceding information,what amount did Conservative report as its investment in Spin after the transfer of assets and liabilities?


Definitions:

Syndromes

A collection or set of symptoms and signs that are often found together and characterize a particular disease or medical condition.

Groups of Symptoms

Refers to a set or cluster of signs and symptoms that frequently occur together and characterize a particular disorder or disease.

Diatheses

An inherent vulnerability or predisposition in an individual that makes them more susceptible to developing disorders or diseases.

ECT

Electroconvulsive Therapy, a psychiatric treatment where seizures are electrically induced in patients to provide relief from mental disorders.

Related Questions