Find Corp and Has Elected to Use Proportionate Consolidation Method

question 25

Multiple Choice

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 deferred taxes that would appear on Seek's Consolidated Balance Sheet as at December 31, 2013?

• A) $800
• B) $1,200
• C) $6,000
• D) $8,000

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Definitions:

Standard Deviation

A tool for measuring the degree to which data points are scattered or spread apart.

Population Mean

The sum of all values in a population divided by the total number of values.

Judgment Sample

A sampling technique where the samples are chosen based on the judgment of the researcher, rather than random selection.

Editorial Page

A section in newspapers and other periodicals featuring articles expressing opinions, viewpoints, and advocacy.