How much is the non-controlling interest in A Inc.'s Consolidated Net Income for 2018?
A Inc.:
A Inc. owns 75% of J Inc. and 60% of G Inc.
J Inc.:
J Inc. owns 60% of D Inc. and 20% of G Inc.
G Inc.:
G Inc. owns 10% of D Inc. and 80% of Y Inc.
All intercompany investments are accounted for using the equity method.
The Net Incomes for these companies for the year ended December 31, 2018 were as follows:
Unrealized intercompany profits (pre-tax) earned by the various companies for the year ended December 31, 2018 are shown below:
All companies are subject to a 25% tax rate.
A) $382,500. B) Nil. C) $400,000. D) $373,875.
D) $373,875.
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A company had the following purchases during its first year of operations: PurchasesJanuary:13 units at $123February:23 units at $133May:18 units at $143September:15 units at $153November:13 units at $163On December 31, there were 41 units remaining in ending inventory. These 41 units consisted of 5 from January, 7 from February, 9 from May, 7 from September, and 13 from November. Using the specific identification method, what is the cost of the ending inventory?
A. $5258. B. $6186. C. $6023. D. $5860. E. $5092.
Because of the Affordable Care Act, all new medical expense plans that offer individual and group coverage must accept all individuals and employers in the state who apply for coverage
These insurers are required to continue to renew the coverage at the option of the individual or plan sponsor. Thus, under the Affordable Care Act, the renewal provision is A) conditionally renewable. B) guaranteed issue. C) nonrenewable. D) renewable at the insurer's option.
Henri Fayol believed that in order to increase the efficiency of the management process, it is essential that
A. there are a greater number of levels in a managerial hierarchy. B. all organizational members are treated with justice and respect. C. authority is concentrated at the top of the chain of command. D. managers do not have the right to give orders to employees; they should only give polite instructions. E. managers discourage creativity in employees so that they stay focused on their jobs.
In hypothesis testing, the critical value is _____
a. a number that establishes the boundary of the rejection region b. the probability of a Type I error c. the probability of a Type II error d. the same as the p-value