The Following Data Pertains to Questions

question 52

Multiple Choice

The following data pertains to questions
Parent and Sub Inc had the following balance sheets on July 31,2007: The Net Incomes for Parent and Sub Inc for the year ended July 31,2007 were $120,000 and $60,000 respectively.
-Assuming Parent purchased 80% of Sub Inc.for $180,000;the Assets section of Parent's Consolidated Balance Sheet on the date of acquisition would total what amount under current GAAP?

• A)$637,600
• B)$639,200
• C)$637,200
• D)$571,000

Understand the relationship between job titles and management levels in an organization.

Identify the factors contributing to quality of work life (QWL) and the impact of organizational roles on it.

Recognize the significance of organizational structuring and its impact on performance and accountability.

Understand the importance of aligning manager roles and functions to achieve organizational efficiency and effectiveness.

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Definitions:

Credit Risk

The risk of loss arising from a borrower's failure to repay a loan or meet contractual obligations.

Mortgage-Backed Securities

Financial instruments secured by a pool of mortgage loans, whose cash flows are passed through to investors.

Monthly Interest

Interest calculated or paid on a debt or investment on a monthly basis.

Homogeneous Pools

Groups of assets or securities that are similar in nature, making them easier to analyze collectively.