On January 2,20X8,Polaris Company Acquired a 100% Interest in the Capital

question 21

Multiple Choice

On January 2,20X8,Polaris Company acquired a 100% interest in the capital stock of Ski Company for $3,100,000.Any excess cost over book value is attributable to a patent with a 10-year remaining life.At the date of acquisition,Ski's balance sheet contained the following information:
Ski's income statement for 20X8 is as follows:
The balance sheet of Ski at December 31,20X8,is as follows:
Ski declared and paid a dividend of 20,000 FCU on October 1,20X8.Spot rates at various dates for 20X8 follow:
Assume Ski's revenues,purchases,operating expenses,depreciation expense,and income taxes were incurred evenly throughout 20X8.
-Refer to the above information.Assuming the U.S.dollar is the functional currency,what is Polaris's remeasurement gain (loss) for 20X8? (Assume the ending inventory was acquired on December 31,20X8. )

• A)$31,000 gain
• B)$36,500 loss
• C)$22,000 gain
• D)$32,000 gain

Understand how artists incorporated contemporary events and concerns into their works.

Understand the concept and application of flexible budgets in varying levels of activity.

Distinguish between fixed, flexible, and zero-based budgets.

Differentiate between policies, procedures, rules, and their applications in organizational settings.

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Definitions:

Clear, Well-Defined Goals

Specific, articulate objectives that are straightforward to understand and aim to achieve.

Goal Commitment

The determination and dedication an individual shows towards achieving their set objectives.

Feedback

Information provided about the result of an action or process, used as a basis for improvement.

Cognitive Reevaluation

Involves changing the way one thinks about a situation in order to alter its emotional impact.