Alpha Corporation Owns 100% of Beta Company, and Beta Owns

question 28

Multiple Choice

Alpha Corporation owns 100% of Beta Company, and Beta owns 80% of Gamma, Inc., all of which are domestic corporations. There were no excess allocation values at the date of acquisition of the subsidiaries. Information for the three companies for the year ending December 31, 2021 follows: What is the total net income attributable to the noncontrolling interests for 2021?

• A) $0.
• B) $9,600.
• C) $10,000.
• D) $19,200.
• E) $20,000.

Identify the legal remedies available for victims of misrepresentation and how these remedies vary depending on the type of misrepresentation.

Comprehend the principles of contract rescission and the specific conditions under which it is available or not.

Understand the concept of privity of contract and its implications for third parties.

Grasp the legal doctrine of the parol evidence rule and its exceptions.

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Definitions:

Programmed Decisions

Decisions that are routine and repetitive, for which established rules or procedures can be developed and applied.

Structured Problems

Structured problems are well-defined, clear, and straightforward issues that can be solved through recognized procedures and methods.

Unstructured Problems

Involve situations that are complex and lack clear definition or a straightforward solution path, often requiring creative problem-solving techniques.

Uncertain Environment

An environment that lacks so much information that it is difficult to assign probabilities to the likely outcomes of alternatives.