Stiller Company, an 80% Owned Subsidiary of Leo Company, Purchased

question 112

Multiple Choice

Stiller Company, an 80% owned subsidiary of Leo Company, purchased land from Leo on March 1, 2012, for $75,000. The land originally cost Leo $60,000. Stiller reported net income of $125,000 and $140,000 for 2012 and 2013, respectively. Leo uses the equity method to account for its investment.
On a consolidation worksheet, what adjustment would be made for 2012 regarding the land transfer?

• A) Debit gain for $50,000.
• B) Credit gain for $50,000.
• C) Debit land for $15,000.
• D) Credit land for $15,000.
• E) Credit gain for $15,000.

Comprehend the differences and similarities between structuralism, functionalism, behaviorism, and psychodynamic perspectives.

Understand the significance of introspection and free association in psychological research and therapy.

Recognize the impact of Freudian psychoanalysis on contemporary psychological thought.

Appreciate the behavioral perspective's emphasis on observable behavior and environmental determinants.

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Conformity

The act of matching attitudes, beliefs, and behaviors to what is perceived as normal in a particular social context.

Team Cohesiveness

The extent to which team members stick together and remain united in the pursuit of a common goal.

Norms

social rules or standards that govern behavior within a group or society, indicating what is considered acceptable or unacceptable.

Robotics Project

An engineering or research initiative focused on designing, building, or studying robots and their applications.