Prater Inc

question 98

Multiple Choice

Prater Inc. owned 85% of the voting common stock of Harkin Corp. During 2021, Harkin made several sales of inventory to Prater. The total selling price was $215,000 and the cost was $105,000. At the end of the year, 40% of the goods were still in Prater's inventory. Harkin's reported net income was $400,000. Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, what was the net income attributable to the noncontrolling interest in Harkin?

• A) $51,000.
• B) $53,400.
• C) $60,000.
• D) $66,600.
• E) $32,250.

Recognize and describe the mechanisms of prejudice and discrimination.

Identify and analyze the concepts of stereotyping and its impact on behavior.

Discuss the effects of racial discrimination and understand the term ethnocentrism.

Understand the legislative efforts made to combat discrimination and support equality.

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Definitions:

Political Skills

The ability to understand and influence others in a political context, navigating complex social situations and organizational dynamics effectively.

Political Conflict

Disputes or confrontations that arise within or between political entities, often involving differences in opinions, policies, or governance.

Polarization

refers to the process or state in which opinions, beliefs, or interests within a society become divided into two significantly opposing groups.

Policy Initiators

Entities or individuals who introduce or begin the process of developing new policies or legislative measures.