Able Company Owns an 80% Interest in Barns Company and a 20

question 9

Multiple Choice

Able Company owns an 80% interest in Barns Company and a 20% interest in Carns Company. Barns owns a 40% interest in Carns Company.

• A) Carn will not be included in the consolidation process
• B) Carn will be included in the consolidation process; 20% of prior period amortizations will be distributed to Retained Earnings-Carn
• C) Carn will be included in the consolidation process; 40% of prior period amortizations will be distributed to Retained Earnings-Carn
• D) Carn will be included in the consolidation process; NCI will be allocated 6.4% of prior-period profits originated by Carn

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Definitions:

Derealization

A dissociative symptom in which one has a sense of unreality or detachment with respect to objects or other people in the environment, experiencing them as unreal, dreamlike, foggy, or distorted.

Dissociative Amnesia

A dissociative disorder characterized by sudden loss of memory for important autobiographical or personal information, which is not due to a neurological or other medical condition. Characterized by a sudden onset, typically in response to a traumatic event or extremely stressful experience, and by an equally sudden return of memory.

Dissociative Disorders

Psychological problems characterized by dissociation.

Maladaptive Alterations

Changes in behavior or thinking that are dysfunctional and hinder a person's ability to adjust to situations effectively.