Sub Company sells all its output at 20 percent above cost to Par Corporation. Par purchases its entire inventory from Sub. The incomes reported by the companies over the past three years are as follows: YearSub Company'sNet IncomePar Corporation'sOperating Income20X6 150,000 $225,000 20X7 135,000 360,000 20X8 240,000 450,000 Sub Company sold inventory for $300,000, $262,500 and $337,500 in the years 20X6, 20X7, and 20X8 respectively. Par Company reported ending inventory of $105,000, $157,500 and $180,000 for 20X6, 20X7, and 20X8 respectively. Par acquired 70 percent of the ownership of Sub on January 1, 20X6, at underlying book value. The fair value of the noncontrolling interest at the date of acquisition was equal to 30 percent of the book value of Sub Company.Based
on the information given above, what will be the consolidated net income for 20X6?
A. $490,000
B. $317,750
C. $375,000
D. $357,500
Answer: D
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Carriveau Corporation has two divisions: Consumer Division and Business Division. The following data are for the most recent operating period: Consumer DivisionBusiness Division Sales$331,000$245,000 Variable expenses$102,610$58,800 Traceable fixed expenses$149,000$139,000 The company's common fixed expenses total $63,360.The Business Division's break-even sales is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $182,895 B. $266,263 C. $488,153 D. $218,355
What is the term for the motion when counsel requests the court to rule that all or a part of the claim should be dismissed because no genuine issue of a material fact is present?
a. motion for summary judgment b. motion for settlement c. motion for trial and appeal d. motion for evidence suppression
Punishment is a form of ______ power.
a. reward b. anti-reward c. soft d. coercive
When job hunting, it is best to express your job objective in vague terms so your qualifications will fit a wide range of positions
Indicate whether the statement is true or false.