Following Are Selected Accounts for Green Corporation and Vega Company

question 100

Multiple Choice

Following are selected accounts for Green Corporation and Vega Company as of December 31, 2013. Several of Green's accounts have been omitted.

Green acquired 100% of Vega on January 1, 2009, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2009, Vega's land was undervalued by $40,000, its buildings were overvalued by $30,000, and equipment was undervalued by $80,000. The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment.
Compute the December 31, 2013, consolidated equipment.

• A) $800,000.
• B) $808,000.
• C) $840,000.
• D) $760,000.
• E) $848,000.

Identify and classify different types of lipids based on molecular structure.

Perform and understand organic synthesis transformations relevant to fatty acids and lipids.

Understand the energy storage efficiency of fats compared to carbohydrates.

Recognize the degree of saturation in fats and oils and its effect on physical properties.

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Definitions:

Advertising Expense

Costs incurred in promoting products, services, or the brand as a whole, typically classified as operating expenses on the income statement.

Gross Sales

The total sales generated by a business before any deductions are made for returns, allowances, and discounts.

Indirect Advertising Expenses

Costs not directly associated with specific advertising campaigns but related to broader promotional activities, such as salaries of marketing staff or general promotional materials.

Gross Sales

The total sales amount without any deductions for discounts or returns.