Create, Inc

question 31

Multiple Choice

Create, Inc., a domestic corporation, owns 100% of Vinyl, Ltd., a foreign corporation and Digital, Inc., a domestic corporation. Create also owns 12% of Record, Inc., a domestic corporation. Create receives no distributions from any of these corporations. Which of these entities' net income are included in Create's income statement for current year financial reporting purposes?

• A)Create, Vinyl, and Digital.
• B)Create, Vinyl, and Record.
• C)Create, Digital, and Record.
• D)Create, Vinyl, Digital, and Record.

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Definitions:

Brassinosteroids

A class of plant hormones that play key roles in plant growth, development, and stress responses, influencing processes from seed germination to flowering.

Oligosaccharins

Short-chain sugars that play a role in signaling and regulating plant growth and defense responses.

Methyl Salicylate

An organic compound used as a flavoring agent and in pain relief medications.

Jasmonic Acid

A plant hormone involved in various plant processes, including growth, reproduction, and defense against pests and diseases.