The Following Information Pertains to Questions

question 47

Multiple Choice

The following information pertains to questions
Big Guy Inc.purchased 80% of the outstanding voting shares of Humble Corp.for $360,000 on July 1,2001.On that date,Humble Corp had Common Stock and Retained Earnings worth $180,000 and $90,000,respectively.The Equipment had a remaining useful life of 5 years from the date of acquisition.Humble's Bonds mature on July 1,2011.Both companies use straight line amortization,and no salvage value is assumed for assets.The trademark is assumed to have an indefinite useful life.
Goodwill is tested annually for impairment.The Balance Sheets of Both Companies,as well as Humble's Fair Market Values on the date of acquisition are disclosed below: The following are the Financial Statements for both companies for the fiscal year ended July 1,2004:
Income Statements: An impairment test conducted in September 2002 on Big Guy's goodwill resulted in an impairment loss of $10,000 being recorded) Both companies use a FIFO system,and Humble's entire inventory on the date of acquisition was sold during the following year.During 2004,Humble Inc borrowed $20,000 in Cash from Big Guy Inc.interest free to finance its operations.Big Guy uses the Equity Method to account for its investment in Humble Corp.Assume that the entity method applies.
-The NET amount appearing on Big Guy's Consolidated Balance Sheet for equipment as at July 1,2004 would be:

• A)$885,000
• B)$872,000
• C)$881,200
• D)$878,600

Identify the roles of the source, message, and receiver within the communication process.

Recognize the importance of channels of communication in conveying marketing messages.

Comprehend the impact of noise on the effectiveness of marketing communication.

Understand the concept of encoding and decoding in the communication process.

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Definitions:

Kinesthetic Sense

A sense that detects bodily position, weight, or movement of the muscles, tendons, and joints.

Fast Pathway

A term related to neurotransmission, describing a route through which some neural signals travel faster than others.

Cerebral Cortex

The exterior layer of the cerebrum's neural tissue, crucial for functions like memory, attention, perception, cognition, awareness, thinking, language, and consciousness.

Limbic System

A complex system of nerves and networks in the brain, involved with instinct and mood. It controls the basic emotions and drives.