The Following Information Has Been Taken from the Consolidation Worksheet

question 66

Multiple Choice

The following information has been taken from the consolidation worksheet of Graham Company and its 80% owned subsidiary, Stage Company.
(1) ) Graham reports a loss on sale of land of $5,000. The land cost Graham $20,000.
(2) ) Non-controlling interest in Stage's net income was $30,000.
(3) ) Graham paid dividends of $15,000.
(4) ) Stage paid dividends of $10,000.
(5) ) Excess acquisition-date fair value over book value was expensed by $6,000.
(6) ) Consolidated accounts receivable decreased by $8,000.
(7) ) Consolidated accounts payable decreased by $7,000.
How is the loss on sale of land reported on the consolidated statement of cash flows?

• A) $20,000 added to net income as an operating activity.
• B) $20,000 deducted from net income as an operating activity.
• C) $15,000 deducted from net income as an operating activity.
• D) $5,000 added to net income as an operating activity.
• E) $5,000 deducted from net income as an operating activity.

Recognize the historical and psychological significance of dreams and the theorists associated with dream analysis.

Identify and classify psychoactive drugs based on their effects on mood, perception, and mental functioning.

Understand the implications of alcohol and other psychoactive substance use on social behavior and health.

Explain the physiological and psychological effects of alcohol consumption.

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Definitions:

Work Life

The balance and interaction between one’s professional and personal life.

Performance

The act of carrying out a task or the execution of actions, often measured against preset standards to assess efficiency or skill.

Subcultures

Groups within a larger culture that have their own distinct values, norms, and practices.

Countercultures

Subcultures within an organization or society that significantly differ from or oppose the dominant culture's values and norms.