What Amount Will Appear on the "Gain on Sale of Land

question 7

Multiple Choice

What amount will appear on the "Gain on sale of land" line in Parent Company's consolidated income statement for the year ended December 31, 2015?

• A) $0.
• B) $96,000.
• C) $120,000.
• D)$240,000.

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Definitions:

Chromatid

One-half of a chromosome; separates from its partner during cell division.

Centromere

The part of a chromosome that links sister chromatids or the point where the two halves of a replicated chromosome are joined.

Proteins

Large biomolecules consisting of one or more long chains of amino acid residues, crucial for structural, enzymatic, and regulatory functions in living organisms.

Chromatid

One of the two identical halves of a duplicated chromosome, joined together at their centromeres before cell division.