Ryan Company Owns 80% of Chase Company Assume Chase Reacquired 8,000 Shares of Its Common Stock from Presented

question 78

Multiple Choice

Ryan Company owns 80% of Chase Company. The original balances presented for Ryan and Chase as of January 1, 2011 are as follows: $\begin{array}{l}\text { Chase Company: }\\\begin{array}{lr}\text { Shares outstanding } & 50,000 \\\text { Book value } & \$ 400,000 \\\text { Book value per share } & \$ 8\\\\\text { Ryan Company: }\\\text { Shares owned of Chase } & 40,000 \\\text { Book value of investment in Chase } & \$ 320,000\end{array}\end{array}$ Assume Chase reacquired 8,000 shares of its common stock from outsiders at $10 per share.
-When Ryan's new percent ownership is rounded to a whole number, what adjustment is needed for Ryan's investment in Chase account?

• A) $16,000 decrease.
• B) $60,000 decrease.
• C) $64,000 increase.
• D) $64,000 decrease.
• E) No adjustment is necessary.

Evaluate the legal implications and remedies available when agents violate their duties or when agency principles are breached.

Analyze legal responsibilities concerning environmental disclosures in real estate transactions.

Understand the concept of the digital divide and its implications.

Identify and compare various systems of ethics and ethical behavior.

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Definitions:

External Adaptation

The adjustment process entities undergo to cope with new, changed, or evolving outside environmental factors.

Internal Integration

The process of ensuring various elements within an organization work together effectively and harmoniously.

Internal Integration

The process of aligning and harmonizing the internal elements of an organization, such as its culture, values, and systems.

Group and Team Boundaries

The distinct limits that define a group or team's structure, membership, roles, and functions, distinguishing it from other groups or organizational contexts.