The Pre-Acquisition Entry for the Baxter Group in Order to Consolidate

question 44

Multiple Choice

The pre-acquisition entry for the Baxter group in order to consolidate a 60% interest in a subsidiary contained the following debits. Retained earnings $6000, share capital $12 000, general reserve $2400, BCVR $1200. The direct non-controlling interest's share of the subsidiary's equity at the date of acquisition is:

• A) $8640.
• B) $14 400.
• C) $12 960.
• D) $21 600.

---

Definitions:

Generalist Social Work

An approach in social work that encompasses a broad range of skills and knowledge to address problems on individual, group, and community levels.

Individual Client System

A focus on the individual needs and circumstances of a client within the context of social work or therapeutic support.

NASW Code of Ethics

A set of guidelines and principles designed to direct the professional conduct of social workers, established by the National Association of Social Workers.

Ethical Responsibility

A principle that obligates individuals and organizations to follow moral codes and conduct within their professional and personal actions.