Pone Company Purchased 100 Percent of Sone Inc

question 2

Multiple Choice

Pone Company purchased 100 percent of Sone Inc.on January 1,20X9 for $625,000.Sone reported earnings of $76,000 and declared dividends of $8,000 during 20X9.
-Based on the preceding information and assuming Pone carries its investment in Sone at cost,what is the balance in Pone's Investment in Sone account on December 31,20X9,prior to consolidation?

• A)$617,000
• B)$625,000
• C)$633,000
• D)$693,000

Know how to manage worksheet views and printing options to optimize for viewing and printing.

Apply knowledge of Excel's Clipboard and paste options to efficiently copy, cut, paste, and manage cell contents.

Identify the impacts of inserting, deleting, and moving cells on workbook structure and formula references.

Utilize Excel's formula and function features to automate calculations in worksheets.

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Definitions:

Short-Term Memory

The capacity for holding, but not manipulating, a small amount of information in an active, readily available state for a short period of time.

George Miller

A cognitive psychologist best known for his work on the capacity of human memory and the theory that short-term memory is limited to about seven items.

Cowan

A surname of likely British origin, but without a clear definition of its significance in a specific field without further context.

Dual-Coding Theory

A theory of cognition proposing that visual and verbal information are processed differently and along distinct channels in the human mind, enhancing learning.