On January 1, 2010, Palk Corp

question 86

Multiple Choice

On January 1, 2010, Palk Corp. and Spraz Corp. had condensed balance sheets as follows: On January 2, 2010, Palk borrowed the entire $84,000 it needed to acquire 80% of the outstanding common shares of Spraz. The loan was to be paid in ten equal annual principal payments, plus interest, beginning December 31, 2010. The excess consideration transferred over the underlying book value of the acquired net assets was allocated 60% to inventory and 40% to goodwill.
-What is consolidated noncurrent assets at January 2, 2010?

• A) $195,000.
• B) $192,200.
• C) $186,600.
• D) $181,000.
• E) $169,800.

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Definitions:

Human-Centered Design

A design approach that prioritizes the needs, wants, and limitations of the end-user at every stage of the design process.

Human Needs

Fundamental requirements that people need to survive and thrive, including physiological needs, safety, love, and esteem.

Design Thinking

A problem-solving approach that involves assessing known aspects of a problem and identifying the more ambiguous or peripheral factors that contribute to the conditions of a problem.

Near Future

A time period that is immediately forthcoming, typically implying changes or events that are expected to happen soon.