Following Are Selected Accounts for Green Corporation and Vega Company

question 106

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 retained earnings.

• A) $1,645,375.
• B) $1,350,000.
• C) $1,565,375.
• D) $1,840,375.
• E) $1,265,375.

Understand the impact of early childhood experiences on adult personality as suggested by Freud.

Relate Freud’s theory to real-life scenarios, assessing how individuals might react in different situations based on their dominant personality structure.

Discern the difference between Freud's psychoanalytic perspective and other perspectives on personality.

Comprehend the moral and ethical considerations within Freudian theory as they apply to decision-making.

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Definitions:

Profitability

measures how much profit or financial gain is generated as a percentage of the revenue of a company or business segment.

Liquidity

The simplicity of transforming an asset into cash without influencing its market value.

Statement of Cash Flows

A financial report that shows how changes in the balance sheet and income affect cash and cash equivalents, and breaks down financing, investing, and operating activities.

Stock Split

An increase in the number of shares of a company's stock without changing the shareholders' equity, typically done to lower the trading price of the stock.