Following Are Selected Accounts for Green Corporation and Vega Company

question 103

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 buildings.

• A) $1,037,500.
• B) $1,007,500.
• C) $1,000,000.
• D) $1,022,500.
• E) $1,012,500.

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Definitions:

Therapeutic Relationship

A bond between a therapist and client that serves as the foundation for treatment, facilitating client engagement, trust, and openness.

Solution-Focused Therapists

Therapists who adopt a goal-directed approach, focusing on solutions and preferred futures rather than dwelling on past problems.

Interactive Dialogue

A reciprocal communication process in which participants exchange information, feelings, and meaning through verbal and non-verbal messages.

Narrative Therapists

Practitioners of a therapeutic approach that seeks to help patients identify their values and the skills associated with them in order to live these values so they can effectively confront current and future problems.