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Alecsey [184]
1 year ago
7

Four-year-old jewel thinks that all grown-ups are mommies or daddies. What has jewel used to classify adults in this way?.

Business
1 answer:
Brrunno [24]1 year ago
6 0

Four-year-old jewel thinks that all grown-ups are mommies or daddies. Jewel has used the Superordinate Concept to classify adults in this way. See further explanation below.

<h3>What is the Superordinate Concept?</h3>

Superordinate terms (also known as 'hypernyms,' 'anaphoric nouns,' or 'discourse-organizing words') are nouns that may represent an entire 'class' or 'category' of objects. As a result, a superordinate term serves as a 'umbrella' term, encompassing the meaning of other terms.

A concept is a mental classification of the world. Terms like "cat," "house," and "plate" may all signify different things to different people. However, categorizing them helps us to conserve memory space and swiftly form assumptions, predictions, and generalizations about the world around us.

Take, for example, the word "cat." Rather than instructing you to envision a cat approaching you, I might have stated, 'There's a four-legged animal with a wagging tail and hair that approaches and meows at you.' But that's quite a few words. It's far easier to rely on the notion of a cat, knowing that when I say "cat," you'll think of four legs, a tail, hair, and meowing. This is due to the fact that all of those features are connected with the notion of a cat.

Learn more about the Superordinate Concept:
brainly.com/question/14426522
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There is always some degree of government involvement in a mixed economy.<br> O<br> True<br> O False
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B it doesn’t have to be mixed
5 0
3 years ago
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Crawl Inc., has 1,000 shares of 6%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock out
Maslowich

Answer:

total dividends distributed to common stock $6,000

dividends per common stock $0.12

Explanation:

preferred stock dividends = 1,000 x 6% x $50 = $3,000

since they are cumulative, if the dividends are not paid during one year, they must be paid in the next periods

the distribution of the $10,000 in dividends in 2018:

  • preferred dividends = $1,000 + $3,000 = $4,000
  • common stock dividends = $6,000

dividends per common stock = $6,000 / 50,000 = $0.12

5 0
3 years ago
The following information is from Princeton Company's comparative balance sheets.
allochka39001 [22]

Answer:

cash received = $ 240,000

Explanation:

On calculating the common stock $10 par

Beg. balance - $ 118,000

                      $6,000      - Issuance of common stock

Thus the ending balance = $124,000

On calculating the paid in capital in excess of par

Beg. balance - $ 351,000

                      $ 234,000 - Issuance of common stock

Thus the end balance - $ 585,000

Therefore,

The cash received - $ 240,000

6 0
3 years ago
Growers Mart buys one hundred cases of berries from Hilltop Farms. The parties agree that the berries will be transported "F.O.B
77julia77 [94]

Answer:

Grower Mart

Explanation:

("FOB shipping point" or "FOB origin")is a term that stands for from the point of origin.  This means that the buyer incur any risk and takes delivery of  the goods once the seller ships the goods.  The supplier records it as a sale at the point of departure from its shipping dock. meaning that the purchaser pays the shipping cost from the factory or warehouse and gains ownership of the goods as soon as it leaves its point of origin.

When the term "F.O.B. Hilltop Farms" it means it is from the point of origin

6 0
3 years ago
Plush Corporation purchased 100 percent of Common Corporation’s common stock on January 1, 20X3, and paid $450,000. The fair val
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Answer:

Please refer the detail answer in the memo below

Explanation:

Date: 24 January 20XX

Subject: Review of Impairment of Goodwill

From: External Auditors

To: Chief Accountant, Plush Corporation

Upon review of the investment made by your company in Common Corporation, we believe that there are possible indications of the impairment of the goodwill initially recognized in the books upon acquisition.

At the time of Acquisition:

Consideration = $450,000

Fair Value of Net Assets = $430,000

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The new guidance issued by FASB, requires only a one-step quantitative impairment test, whereby a goodwill impairment loss will be measured as the excess of a reporting unit’s carrying amount over its fair value.

However, if we follow the previous guidance of FASB, we have to test the impairment with the following three steps:

Step 1: We will compare the carrying amount of the net assets with the Fair value of Reporting Unit, and if the carrying amount exceeds the fair value, we will record the impairment.

Step 1: We will compute, implied value of goodwill by comparing the fair value of the reporting unit with the fair value of the identifiable net assets, if FV of net assets are higher, then there is no impairment, otherwise we will jump to Step 3.

Step 3: If the calculated implied value of the goodwill is lower than the actual goodwill at acquisition, than the difference is the impairment loss, however in case the implied value of the goodwill is higher than the actual goodwill at acquisition, no impairment shall be recorded.

Apparently, since the fair value of Common had increased to $485,000, there is no need to recognize the impairment loss on goodwill; however we believe that the estimated fair value of Common is less than the $430,000 and therefore impairment should be recorded.

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