Papa company acquired land with an office building on it from its subsidiary, sonny company, for $110,000. prior to the sale, sonny's carrying value of the land was $60,000 and its net carrying value of the building was $50,000. at the time of the transaction, papa appropriately determined that the land had a fair value of $75,000 and the building had a fair value of $35,000. at what amount should the land and building be reported on papa's consolidated statements prepared immediately after the transaction?
land building
a) $75,000 $35,000
b) $55,000 $55,000
c) $60,000 $50,000

Matt and his roommate gamal argue repeatedly about wearing shoes in the house versus taking them off at the door. eventually, both are fed up with constantly arguing. they decide to sit down and talk, and not get up until they come to a resolution. this is an example of which decision-making strategy

Evelyn would like to open a small business that is categorized as a being in the distribution industry. to do this she could open a establishment.

Arriving and delivering a load of company executives for a business meeting at a destination far from home base requiring an overnight stay, a company’s pilot requested approval from the company finance office to pay to either have the company’s jet brought into the fbo's hangar overnight to protect it from a forecast snowfall or to have it de-iced by the fbo the following morning well-before scheduled departure. the company was under considerable financial pressure at the time, and the pilot’s requests were denied because of the cost. so, early the following morning, the pilot was up on the wing of the jet sweeping off an accumulation of snow and ice with a borrowed push broom in preparation for the scheduled departure with the executives, but slipped and fell to the ground, suffering a broken neck. the business was organized as a limited partnership, owned by 3 limited partners and one general partner. as a cost-saving measure, the company had dropped its workers’ compensation insurance before the accident. analyze the potential liability for the pilot’s injuries of each of the following, showing your reasoning clearly: the company the general partner the limited partners analyze how the outcome would have been different, if the business had been organized as a corporation and observed all of the formalities to legitimize its corporate status. analyze how the outcome would have been different, if the pilot had been covered by workers’ compensation insurance.