Apple Inc Owns a 90% Interest in Banana Company

question 8

Multiple Choice

Apple Inc. owns a 90% interest in Banana Company. Banana Company, in turn, owns a 80% interest in Carrot Company. During 20X4, Carrot Company sold $50,000 of merchandise to Apple Inc. at a gross profit of 20%. Of this merchandise, $10,000 was still unsold by Apple Inc. at year end. The adjustment to the controlling interest in consolidated net income for 20X4 is ____.

• A)$560
• B)$1,440
• C)$1,600
• D)$1,800

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Definitions:

Preschool Children

Young children typically aged between 3 to 5 years who are in the developmental stage before attending kindergarten.

Elaborative Interaction Style

A communicative approach where adults provide detailed information, ask open-ended questions, and encourage children to elaborate on their responses, fostering language development and memory.

Memory Development

The cognitive process through which memories are formed, consolidated, stored, and later retrieved.

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