What Effect Would the Purchase at January 1, 2019 Have

question 17

Multiple Choice

What effect would the purchase at January 1, 2019 have on the consolidated equity of Hanson?

• A) There would be no effect.
• B) There would be a reduction in consolidated retained earnings of $1,025.
• C) There would be a reduction in consolidated contributed surplus of $1,025.
• D)There would be an increase in consolidated retained earnings of $1,025.

---

Definitions:

Political Science

The study of governance, political activities, political thoughts, and political behavior.

Montesquieu

A French political philosopher of the Enlightenment who is best known for his theory of separation of powers, which has been incorporated into the constitution of many countries, including the United States.

Constitutionalism

The belief in limiting government power by law, ensuring a system of checks and balances within the state's framework to protect individuals' rights and liberties.

General Will

A concept in political philosophy, particularly associated with Jean-Jacques Rousseau, representing the collective interest or the common good that is in the best interest of society as a whole.