Following Are Selected Accounts for Green Corporation and Vega Company

question 9

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 equity in Vega's income to be included in Green's consolidated income statement for 2013.

• A) $500,000.
• B) $300,000.
• C) $190,375.
• D) $200,000.
• E) $290,375.

Evaluate the impact of cognitive development theories on educational practices.

Understand the concept of cognitive development in late adulthood as described by Schaie.

Recognize different perspectives on cognitive development during the adolescent years and beyond.

Understand the concept of postformal thought and its significance in adult cognitive development.

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Definitions:

Prematurity

The condition of being born before the completion of the normal gestation period, often resulting in health complications.

Pregnancy Period

The duration of time from conception to birth, typically lasting around 40 weeks in humans.

Central Nervous System

The complex of nerve tissues that controls the activities of the body, principally consisting of the brain and spinal cord.

Retarded Fetal Growth

Slower than typical growth and development of a fetus during pregnancy, potentially leading to various health issues.