On January 2, 2018, Acquirer Co acquires 10,000 shares (5%) of Target Inc’s shares of common stock for $42 a share. Acquirer held the Target shares until January 9, 2020 when it sells the stock for $48 a share. Target reported the following earnings/loss per share, paid the following cash dividends per share, and the trading price of each share of its common stock are as follows: Year Earnings/Loss per share 12/31/Cash Dividends per sh Fair Mkt Value 12/31 per sh 2018 $7 earnings per share $4/share $50/share 2019 $3 loss per share $2/share $44/share INSTRUCTIONS; 1a. Prepare the journal entries that Acquirer would make during 2018 and 2019 for its investment in T assuming that Acquirer’s ownership of Target was insignificant. 1b. Prepare the journal entry that Acquirer Co. would make on January 9, 2020 to record its sale of the Target stock. 2a. Prepare the journal entries that Acquirer Co. would make during 2018 and 2019 for its investment in Target assuming INSTEAD that Acquirer did not know the fair market value of the Target stock (and its ownership was insignificant.) 2b. Prepare the journal entry that Acquirer Co. would make on January 9, 2020 to record its sale of the Target stock 3a. Assume INSTEAD that Acquirer elects two directors to the board and, that on 1/9/18, Acquirer appraised the net assets of Target and determined that the fair market value of Target’s patent (which had a remaining life of 10 years) exceeded its book value by $800,000 and that all of Target’s other assets had book values equal to their fair market values. Prepare the journal entries that Acquirer Co. would make during 2018 and 2019. 3b. Prepare the journal entry that Acquirer Co. would make on January 9, 2020 to record its sale of the Target stock

On November 1, 2016, Gordon Co. collected $10,380 in cash from its tenant as an advance rent payment on its store location. The six-month lease period ends on April 30, 2017, at which time the contract may be renewed.

a-1. Use the horizontal model to record the effect of the six months of rent collected in advance on November 1, 2016 for Gordon Co. (Use amounts with + for increases and amounts with – for decreases.)

	Balance Sheet Income Statement Assets = Liabilities + Stockholders’ Equity ← Net Income = Revenues − Expenses = + ← = −

a-2. Use the horizontal model to record the effect of the adjustment that will be made at the end of each month to show the amount of rent "earned" during the month for Gordon Co. (Use amounts with + for increases and amounts with – for decreases.)

	Balance Sheet 4 Assets = Liabilities + Stockholders’ Equity ← Net Income = Revenues − Expenses = + ← = −

Record the receipt a six-month advance rent payment.

Note: Enter debits before credits.

a-3. Record the journal entry to show the effect of the six months of rent collected in advance on November 1, 2016 for Gordon Co. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Event General Journal Debit Credit 1 Journal entry worksheet Record a reduction in the liability account for rent earned each month. Note: Enter debits before credits. a-4. Record the journal entry to show the effect of the adjustment that will be made at the end of each month to show the amount of rent "earned" during the month for Gordon Co. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Event General Journal Debit Credit 1

b. Calculate the amount of unearned rent that should be shown on the December 31, 2016, balance sheet with respect to this lease.
	Unearned rent

c. Suppose the advance collection received on November 1, 2016, covered an 30-month lease period at the same amount of rent per month. How should Gordon Co. report the unearned rent amount on its December 31, 2016, balance sheet?

	Current liability Noncurrent liability

The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $146,035. The bank statement indicated a balance of $181,965 on June 30, 20Y1. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:

A.	Checks outstanding totaled $16,445.
B.	A deposit of $9,900, representing receipts of June 30, had been made too late to appear on the bank statement.
C.	The bank collected $31,800 on a $30,000 note, including interest of $1,800.
D.	A check for $2,000 returned with the statement had been incorrectly recorded by Pala Medical Co. as $200. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account.
E.	A check drawn for $170 had been erroneously charged by the bank as $710.
F.	Bank service charges for June amounted to $75.

1.	Prepare a bank reconciliation. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
2.	Journalize the necessary entries. Refer to the Chart of Accounts for exact wording of account titles.
3.	If a balance sheet were prepared for Pala Medical Co. on June 30, 20Y1, what amount should be reported as cash?

1. Prepare a bank reconciliation. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Question not attempted.

Score: 0/108

Pala Medical Co.

Bank Reconciliation

June 30, 20Y1

1	Cash balance according to bank statement
2	Adjustments:
3
4
5
6
7
8
9	Cash balance according to company’s records
10	Adjustments:
11
12
13
14
15			3. If a balance sheet were prepared for Pala Medical Co. on June 30, 20Y1, what amount should be reported as cash?

Stock Investment Transactions, Equity Method and Available-for-Sale Securities

Glacier Products Inc. is a wholesaler of rock climbing gear. The company began operations on January 1, Year 1. The following transactions relate to securities acquired by Glacier Products Inc., which has a fiscal year ending on December 31:

Year 1
Jan. 18.	Purchased 7,300 shares of Malmo Inc. as an available-for-sale investment at $54 per share, including the brokerage commission.
July 22.	A cash dividend of $0.60 per share was received on the Malmo stock.
Oct. 5.	Sold 2,200 shares of Malmo Inc. stock at $58 per share less a brokerage commission of $50.
Dec. 18.	Received a regular cash dividend of $0.60 per share on Malmo Inc. stock.
Dec. 31	Malmo Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $52 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment.
Year 2
Jan. 25.	Purchased an influential interest in Helsi Co. for $590,000 by purchasing 40,000 shares directly from the estate of the founder of Helsi. There are 100,000 shares of Helsi Co. stock outstanding.
July 16.	Received a cash dividend of $0.70 per share on Malmo Inc. stock.
Dec. 16.	Received a cash dividend of $0.70 per share plus an extra dividend of $0.15 per share on Malmo Inc. stock.
Dec. 31	Received $18,000 of cash dividends on Helsi Co. stock. Helsi Co. reported net income of $74,000 in Year 2. Glacier Products Inc. uses the equity method of accounting for its investment in Helsi Co.
Dec. 31	Malmo Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $58 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment for the increase in fair value from $52 to $58 per share.

Required:

1. Journalize the entries to record the preceding transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. In your computations, round per share amounts to two decimal places.

Date	Description	Debit	Credit
Year 1
Jan. 18.	Investments-Malmo Inc.
	Cash
July 22.	Cash
	Dividend Revenue
Oct. 5.	Cash
	Gain on Sale of Investments
	Investments-Malmo Inc.
Dec. 18.	Cash
	Dividend Revenue
Dec. 31	Unrealized Gain (Loss) on Available-for-Sale Investments
	Valuation Allowance for Available-for-Sale Investments
Year 2
Jan. 25.	Investment in Helsi Co. Stock
	Cash
July 16.	Cash
	Dividend Revenue
Dec. 16.	Cash
	Dividend Revenue
Dec. 31-Dividends	Cash
	Investment in Helsi Co. Stock
Dec. 31-Income	Investment in Helsi Co. Stock
	Income of Helsi Co.
Dec. 31-Valuation	Valuation Allowance for Available-for-Sale Investments
	Unrealized Gain (Loss) on Available-for-Sale Investments

2. Prepare the investment-related asset and stockholders’ equity balance sheet presentation for Glacier Products Inc. on December 31, Year 2, assuming that the Retained Earnings balance on December 31, Year 2, is $431,000.

Glacier Products, Inc. Balance Sheet (selected items) December 31, Year 2
Current Assets:
Available-for-Sale Investments (at Cost)
Plus Valuation Allowance for Available-for-Sale Investments
Available-for-Sale Investments (at Fair Value)
Investments:
Investment in Helsi Co. Stock
Stockholders' Equity:
Retained Earnings
Unrealized Gain (Loss) on Available-for-Sale Investments

FINAL PRACTICE 2

Question 31

A client is admitted to the birthing suite in early active labor. The priority nursing intervention on admission of this client would be:

A

Auscultating the fetal heart

B

Taking an obstetric history

C

Asking the client when she last ate

D

Ascertaining whether the membranes were ruptured

Question 32

A client who is gravida 1, para 0 is admitted in labor. Her cervix is 100% effaced, and she is dilated to 3 cm. Her fetus is at +1 station. The nurse is aware that the fetus’ head is:

A

Not yet engaged

B

Entering the pelvic inlet

C

Below the ischial spines

D

Visible at the vaginal opening

Question 33

After doing Leopold’s maneuvers, the nurse determines that the fetus is in the ROP position. To best auscultate the fetal heart tones, the Doppler is placed:

A

Above the umbilicus at the midline

B

Above the umbilicus on the left side

C

Below the umbilicus on the right side

D

Below the umbilicus near the left groin

Question 34

The physician asks the nurse the frequency of a laboring client’s contractions. The nurse assesses the client’s contractions by timing from the beginning of one contraction:

A

Until the time it is completely over

B

To the end of a second contraction

C

To the beginning of the next contraction

D

Until the time that the uterus becomes very firm

Question 35

The nurse observes the client’s amniotic fluid and decides that it appears normal, because it is:

A

Clear and dark amber in color

B

Milky, greenish yellow, containing shreds of mucus

C

Clear, almost colorless, and containing little white specks

D

Cloudy, greenish-yellow, and containing little white specks

Question 36

At 38 weeks gestation, a client is having late decelerations. The fetal pulse oximeter shows 75% to 85%. The nurse should:

A

Discontinue the catheter, if the reading is not above 80%

B

Discontinue the catheter, if the reading does not go below 30%

C

Advance the catheter until the reading is above 90% and continue monitoring

D

Reposition the catheter, recheck the reading, and if it is 55%, keep monitoring

Question 37

When examining the fetal monitor strip after rupture of the membranes in a laboring client, the nurse notes variable decelerations in the fetal heart rate. The nurse should:

A

Stop the oxytocin infusion

B

Change the client’s position

C

Prepare for immediate delivery

D

Take the client’s blood pressure

Question 38

When monitoring the fetal heart rate of a client in labor, the nurse identifies an elevation of 15 beats above the baseline rate of 135 beats per minute lasting for 15 seconds. This should be documented as:

A

An acceleration

B

An early elevation

C

A sonographic motion

D

A tachycardic heart rate

Question 39

A laboring client complains of low back pain. The nurse replies that this pain occurs most when the position of the fetus is:

A

Breech

B

Transverse

C

Occiput anterior

D

Occiput posterior

Question 40

The breathing technique that the mother should be instructed to use as the fetus’ head is crowning is:

A

Blowing

B

Slow chest

C

Shallow

D

Accelerated-decelerated

Question 41

During the period of induction of labor, a client should be observed carefully for signs of:

A

Severe pain

B

Uterine tetany

C

Hypoglycemia

D

Umbilical cord prolapse

Question 42

A client arrives at the hospital in the second stage of labor. The fetus’ head is crowning, the client is bearing down, and the birth appears imminent. The nurse should:

A

Transfer her immediately by stretcher to the birthing unit

B

Tell her to breathe through her mouth and not to bear down

C

Instruct the client to pant during contractions and to breathe through her mouth

D

Support the perineum with the hand to prevent tearing and tell the client to pant

Question 43

A laboring client is to have a pudendal block. The nurse plans to tell the client that once the block is working she:

A

Will not feel the episiotomy

B

May lose bladder sensation

C

May lose the ability to push

D

Will no longer feel contractions

Question 44

Which of the following observations indicates fetal distress?

A

Fetal scalp pH of 7.14

B

Fetal heart rate of 144 beats/minute

C

Acceleration of fetal heart rate with contractions

D

Presence of long term variability

Question 45

Which of the following fetal positions is most favorable for birth?

A

Vertex presentation

B

Transverse lie

C

Frank breech presentation

D

Posterior position of the fetal head

Question 46

A laboring client has external electronic fetal monitoring in place. Which of the following assessment data can be determined by examining the fetal heart rate strip produced by the external electronic fetal monitor?

A

Gender of the fetus

B

Fetal position

C

Labor progress

D

Oxygenation

Question 47

A laboring client is in the first stage of labor and has progressed from 4 to 7 cm in cervical dilation. In which of the following phases of the first stage does cervical dilation occur most rapidly?

A

Preparatory phase

B

Latent phase

C

Active phase

D

Transition phase

Question 48

A multiparous client who has been in labor for 2 hours states that she feels the urge to move her bowels. How should the nurse respond?

A

Let the client get up to use the potty

B

Allow the client to use a bedpan

C

Perform a pelvic examination

D

Check the fetal heart rate

Question 49

Labor is a series of events affected by the coordination of the five essential factors. One of these is the passenger (fetus). Which are the other four factors?

A

Contractions, passageway, placental position and function, pattern of care

B

Contractions, maternal response, placental position, psychological response

C

Passageway, contractions, placental position and function, psychological response

D

Passageway, placental position and function, paternal response, psychological response

Question 50

Fetal presentation refers to which of the following descriptions?

A

Fetal body part that enters the maternal pelvis first

B

Relationship of the presenting part to the maternal pelvis

C

Relationship of the long axis of the fetus to the long axis of the mother

D

A classification according to the fetal part

Question 51

A client is admitted to the L & D suite at 36 weeks’ gestation. She has a history of C-section and complains of severe abdominal pain that started less than 1 hour earlier. When the nurse palpates tetanic contractions, the client again complains of severe pain. After the client vomits, she states that the pain is better and then passes out. Which is the probable cause of her signs and symptoms?

A

Hysteria compounded by the flu

B

Placental abruption

C

Uterine rupture

D

Dysfunctional labor

Question 52

Upon completion of a vaginal examination on a laboring woman, the nurse records: 50%, 6 cm, -1. Which of the following is a correct interpretation of the data?

A

Fetal presenting part is 1 cm above the ischial spines

B

Effacement is 4 cm from completion

C

Dilation is 50% completed

D

Fetus has achieved passage through the ischial spines

Question 53

Which of the following findings meets the criteria of a reassuring FHR pattern?

A

FHR does not change as a result of fetal activity

B

Average baseline rate ranges between 100 – 140 BPM

C

Mild late deceleration patterns occur with some contractions

D

Variability averages between 6 – 10 BPM

Question 54

Late deceleration patterns are noted when assessing the monitor tracing of a woman whose labor is being induced with an infusion of Pitocin. The woman is in a side-lying position, and her vital signs are stable and fall within a normal range. Contractions are intense, last 90 seconds, and occur every 1 1/2 to 2 minutes. The nurse’s immediate action would be to:

A

Change the woman’s position

B

Stop the Pitocin

C

Elevate the woman’s legs

D

Administer oxygen via a tight mask at 8 to 10 liters/minute

Question 55

The nurse should realize that the most common and potentially harmful maternal complication of epidural anesthesia would be:

A

Severe postpartum headache

B

Limited perception of bladder fullness

C

Increase in respiratory rate

D

Hypotension

Question 56

Perineal care is an important infection control measure. When evaluating a postpartum woman’s perineal care technique, the nurse would recognize the need for further instruction if the woman:

A

Uses soap and warm water to wash the vulva and perineum

B

Washes from symphysis pubis back to episiotomy

C

Changes her perineal pad every 2 – 3 hours

D

Uses the peribottle to rinse upward into her vulva

Question 57

Which measure would be least effective in preventing postpartum hemorrhage?

A

Administer Methergine 0.2 mg every 6 hours for 4 doses as ordered

B

Encourage the woman to void every 2 hours

C

Massage the fundus every hour for the first 24 hours following birth

D

Teach the woman the importance of rest and nutrition to enhance healing

Question 58

When making a visit to the home of a postpartum woman one week after birth, the nurse should recognize that the woman would characteristically:

A

Express a strong need to review events and her behavior during the process of labor and birth

B

Exhibit a reduced attention span, limiting readiness to learn

C

Vacillate between the desire to have her own nurturing needs met and the need to take charge of her own care and that of her newborn

D

Have reestablished her role as a spouse/partner

Question 59

Four hours after a difficult labor and birth, a primiparous woman refuses to feed her baby, stating that she is too tired and just wants to sleep. The nurse should:

A

Tell the woman she can rest after she feeds her baby

B

Recognize this as a behavior of the taking-hold stage

C

Record the behavior as ineffective maternal-newborn attachment

D

Take the baby back to the nursery, reassuring the woman that her rest is a priority at this time

Question 60

Parents can facilitate the adjustment of their other children to a new baby by:

Having the children choose or make a gift to give to the new baby upon its arrival home

B

Emphasizing activities that keep the new baby and other children together

C

Having the mother carry the new baby into the home so she can show the other children the new baby

Reducing stress on other children by limiting their involvement in the care of the new baby

NO PHOTOS PLEASE THANKS

During the early months of the COVID-19 pandemic, the government introduces a wage subsidy plan: a per-unit subsidy.

Suppose that the pre-pandemic demand for labour was D0=1400-50w, supply was S=50w-200. There were L0 workers employed at a wage of w0 dollars per hour. Suddenly, the demand for labour declined to D1=700-50w. Without a subsidy, employment would fall to L1, The goal of the per-unit subsidy is to avoid layoffs, L=L0, even though D1=700-50w. Calculate the per-unit subsidy to achieve this goal.

A study was conducted to determine the effect of early child care on infant-mother attachment patterns. In the study, 102 infants were classified as either ``secure'' or ``anxious'' using the Ainsworth strange situation paradigm. In addition, the infants were classified according to the average number of hours per week that they spent in child care. The data are presented in the table:

	Low (0-3 hours)	Moderate (4-19 hours)	High (20-54 hours)
Secure	25	34	8
Anxious	10	12	13

H0: Attachment and Time Spent in Child Care are IndependentDoes the data provide sufficient evidence to indicate that there is a difference in attachment pattern for the infants depending on the amount of time spent in child care? Test the hypotheses

HA:Attachment and Time Spent in Child Care are Dependent

using α=0.05.

For ν= degrees of freedom we have χ20.05=  

A study was conducted to determine the effect of early child care on infant-mother attachment patterns. In the study, 102 infants were classified as either ``secure'' or ``anxious'' using the Ainsworth strange situation paradigm. In addition, the infants were classified according to the average number of hours per week that they spent in child care. The data are presented in the table:

	Low (0-3 hours)	Moderate (4-19 hours)	High (20-54 hours)
Secure	25	34	8
Anxious	10	12	13

H0: Attachment and Time Spent in Child Care are IndependentDoes the data provide sufficient evidence to indicate that there is a difference in attachment pattern for the infants depending on the amount of time spent in child care? Test the hypotheses

HA:Attachment and Time Spent in Child Care are Dependent

using α=0.05.

For ν= degrees of freedom we have χ20.05=