Pail,IncHolds 100 Percent of the Common Stock of Shovel Company,an

question 7

Multiple Choice

Pail,Inc.holds 100 percent of the common stock of Shovel Company,an investment acquired for $680,000.Immediately following the combination,Pail's net assets have a book value of $1,150,000 and a fair value of $1,390,000.The book value and the fair value of Shovel's net assets on the date of combination are $400,000 and $550,000,respectively.Immediately following the combination,a consolidated balance sheet is prepared.
-Based on the information given above,at what amount will Pail's investment in Shovel stock be reported in the consolidated balance sheet?

• A)$0
• B)$400,000
• C)$440,000
• D)$480,000

Grasp the principles of cognitive theory and the significance of early relationships in forming working models for future interaction.

Comprehend Erik Erikson's stages of psychosocial development, particularly autonomy versus shame and doubt.

Understand evolutionary theory's emphasis on survival and reproduction.

Identify the role of parental influence and responsibility in child development as per different psychological theories.

---

Definitions:

Widgets

A generic term used to refer to any product or manufactured item, often used in discussions about production and economics without specifying the actual item.

Special Price

A unique, reduced price offered for a product or service, often for a limited time or under specific conditions.

Robinson-Patman Act

A federal law that prohibits charging customers different prices if it is injurious to competition in the market.

Additional Shift

Implementing an extra work period within a 24-hour timeframe to increase production capacity.