Prater Inc

question 5

Multiple Choice

Prater Inc. owned 85% of the voting common stock of Harkin Corp. During 2021, Prater made several sales of inventory to Harkin. 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 Harkin'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.

Identifying the impact of mobile and wireless technologies on consumer behavior and business strategies.

Understanding how telemetry and IoT (Internet of Things) devices collect and transmit data.

Recognizing the role of localization, ubiquity, and connectivity in enhancing mobile device utility.

Understanding the concept and utility of mobile wallets and payment technologies.

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Definitions:

Auditory Stimulation

The process of provoking a response through exposure to auditory stimuli, such as sounds or music.

Mnemonic Technique

A memory aid or strategy to make information easier to remember.

School Supplies

Materials and items used by students to facilitate learning and educational activities in a school setting.

Mental Visualizes

The act of creating mental images or scenarios in one's mind, often used as a technique in planning, problem-solving, and creative visualization.