Company a Owns 85 Percent of Company B's Stock and 80

question 3

Multiple Choice

Company A owns 85 percent of Company B's stock and 80 percent of Company C's stock. All acquisitions were made at book value. The fair values of noncontrolling interests at the time of acquisition were equal to the proportionate share of the book values of the companies. The companies file a consolidated tax return each year and in 20X9 paid a total tax of $112,000. Each company is involved in a number of intercompany inventory transfers each period. Information on the companies' activities for 20X9 is as follows: Company A does not record income tax expense on income from subsidiaries because a consolidated tax return is filed.
Based on the information provided, what amount of consolidated net income will be reported for the year 20X9?

• A) $168,000
• B) $280,000
• C) $165,000
• D) $250,000

Identify the recommended maintenance practices for pintle hooks and their components to ensure safe towing operations.

Understand the dimensions and characteristics of semi-trailers and their components.

Recognize the different types of trailer floors and their specific uses.

Differentiate between various highway train combinations and their configurations.

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Definitions:

Affinity Method

A technique used in project management and brainstorming that organizes a large amount of data into groups based on their natural relationships.

Collaborative Economic Bargaining

The process where employers and employees negotiate working conditions and terms of employment in a cooperative and mutually beneficial manner.

Costing Methodology

The process or system used to determine the expenses associated with producing a product or providing a service, which can influence pricing, budgeting, and financial analysis.

Modified Integrative Bargaining

A negotiation strategy that seeks a win-win outcome but with adjustments to traditional methods to accommodate specific needs or circumstances.