Suppose that larry, an economist from a business school in georgia, and megan, an economist from a nonprofit organization on the west coast, are arguing over budget deficits. the following dialogue shows an excerpt from their debate:

On january 1, 2018, jay company acquired all the outstanding ownership shares of zee company. in assessing zee's acquisition-date fair values, jay concluded that the carrying value of zee's long-term debt (8-year remaining life) was less than its fair value by $21,600. at december 31, 2018, zee company's accounts show interest expense of $14,440 and long-term debt of $380,000. what amounts of interest expense and long-term debt should appear on the december 31, 2018, consolidated financial statements of jay and its subsidiary zee? long-term debt $401,600 $398,900 $401,600 $398,900 interest expense $17,140 $17,140 $11,740 $11,740 a. b. c. d.

Why do police officers get paid less than professional baseball players?

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes