Page & Seed Scenario

question 17

Multiple Choice

Page & Seed scenario:
Page Company purchased an 80% interest in the common stock of the Seed Company for $600,000 on January 1, 20X4, when Seed Company had the following stockholders' equity:
Any excess of cost over book value on the common stock purchase was attributed to goodwill. Page does not hold any of Seed's preferred stock. Seed had net income of $40,000 during 20X4 and paid no dividends.
-Refer to Page and Seed. The preferred stock is 2 years in arrears on January 1, 20X4. The noncontrolling interest share of 20X4 net income was ____.

• A) $3,200
• B) $6,000
• C) $8,000
• D) $16,000

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Definitions:

Social Selling

The practice of using social media networks to interact directly with prospects, providing value by answering questions and offering thoughtful content, with the aim of converting them into customers.

B₂B Marketing

Refers to the marketing of products or services to other businesses and organizations, focusing on building valuable relationships.

Social Selling Platform

An online tool or medium that enables sales professionals to extend their network, engage with prospects, and achieve sales through social networks.

Customer Advocacy

It involves promoting and selling products or services through dedicated customers who voluntarily advocate on behalf of the brand.