The Following Data Pertains to Questions

question 59

Multiple Choice

The following data pertains to questions
Parent and Sub Inc had the following balance sheets on December 31,2008: On January 1,2009 Parent purchased all of Sub Inc's Common Shares for $40,000 in cash.On that date,Sub's Current Assets and Fixed Assets were worth $26,000 and $54,000,respectively.Assuming that Consolidated Financial Statements were prepared on that date,answer the following:
-The Shareholder's Equity section of the Consolidated Balance Sheet would show what amount?

• A)$121,000
• B)$90,000
• C)$19,000
• D)$98,000

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Definitions:

Neck Length

A physical trait referring to the distance from the base of an animal's skull to its shoulders, significant in studies of natural selection and adaptation.

Evolutionary Change

A change in the genetic composition of a population over successive generations, leading to the development of new species or variation within species.

Adaptive Evolution

The process through which populations become better suited to their environment through changes in genetic traits over generations.

Phenotypic Plasticity

The ability of an organism to change its phenotype in response to changes in the environment, showcasing the flexibility and adaptability of developmental processes.