Simple Company, a 70%-Owned Subsidiary of Punter Corporation, Reported Net

question 2

Multiple Choice

Simple Company, a 70%-owned subsidiary of Punter Corporation, reported net income of $240,000 and paid dividends totaling $90,000 during Year 3. Year 3 amortization of differences between current fair values and carrying amounts of Simple's identifiable net assets at the date of the business combination was $45,000. The noncontrolling interest in net income of Simple for Year 3 was:

• A) $58,500.
• B) $13,500.
• C) $27,000.
• D) $72,000.

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Definitions:

Schizophrenia

A mental disorder characterized by distorted thinking, perceptions, emotions, language, sense of self, and behavior.

Biological Basis

Refers to the underlying genetic, neurophysiological, and biochemical factors that contribute to human behavior and mental states.

Mentally Healthy Perspective

A viewpoint characterized by balanced emotional, psychological, and social well-being, where an individual can cope with normal stresses and work productively.

Conflicted Relationships

Interpersonal connections that are marked by ongoing disagreement or discord.