512) Find Corp and Has Elected to Use Proportionate Consolidation

question 47

Multiple Choice

512) Find Corp and has elected to use proportionate consolidation method to report its investment in Find Corp. for 2013. Both companies are subject to 40% tax rate. What is the total amount of intercompany pre-tax profits in ending inventory?

• A) $3,000
• B) $15,000
• C) $20,000
• D) $30,000

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Definitions:

Neurotransmitters

Chemical substances in the brain and nervous system that facilitate communication between nerve cells.

Terminal Buttons

The small knobs at the end of an axon that release chemical signals from the neuron into the synapse.

Synapse

The junction between two nerve cells where impulses pass by diffusion of neurotransmitters.

Neurotransmitters

Chemical messengers that transmit signals across a chemical synapse from one neuron to another, influencing body functions and behavior.