Will Co Owned 80% of the Voting Common Stock of Carlton

question 113

Multiple Choice

Will Co. owned 80% of the voting common stock of Carlton Co. During 2020, Carlton made frequent sales of inventory to Will. There was deferred intra-entity gross profit of $50,000 in the beginning inventory and $30,000 of intra-entity gross profit at the end of the year. Carlton reported net income of $173,000 for 2020. Will decided to use the equity method to account for the investment. Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, what is the net income attributable to the noncontrolling interest for 2020?

• A) $28,600.
• B) $30,600.
• C) $34,600.
• D) $38,600.
• E) $50,600.

Understand genetic inheritance patterns, including dominant-recessive, polygenic inheritance, and genomic imprinting.

Recognize the genetic basis for certain traits and diseases and how they are passed on.

Explain the biological process leading to twins, including monozygotic and dizygotic twins.

Describe modern genetic techniques for gender selection and disease prevention.

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Definitions:

Reliability Coefficients

Statistical measures that indicate the consistency or stability of a test's scores across different administrations or parts of the test.

Integrity Tests

Psychological assessments used by employers to evaluate an applicant's honesty, reliability, and moral character.

Employment Screening

The process of reviewing a job candidate's background, skills, and qualifications to determine their suitability for a position.

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.