Denber Co Acquired 60% of the Common Stock of Kailey Corp

question 78

Multiple Choice

Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2010. For 2010, Kailey reported revenues of $810,000 and expenses of $630,000, all reflected evenly throughout the year. The annual amount of amortization related to this acquisition was $15,000.
-In consolidation, the total amount of expenses related to Kailey, and to Denber's acquisition of Kailey, for 2010 is determined to be

• A) $153,750.
• B) $161,250.
• C) $205,000.
• D) $210,000.
• E) $215,000.

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Definitions:

Motivated Forgetting

The process through which individuals unconsciously or consciously block out painful or unwanted memories.

Jenkins and Dallenbach

Researchers known for their study on the effects of sleep on memory retention, demonstrating that sleep can protect memories from interference.

Nonsense Syllables

A string of letters that do not form a known word, used in psychological experiments on memory.

Forgetting

Forgetting is the process through which information is lost from memory, whether through decay over time, lack of retrieval cues, interference, or failure to store in memory.