Find Corp and Has Elected to Use Proportionate Consolidation Method

question 5

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 amount of Consolidated Retained Earnings at December 31, 2013?

• A) $340,000
• B) $368,000
• C) $376,000
• D) $546,200

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Definitions:

Interview

An official gathering where one or more individuals interrogate, seek advice from, or assess another individual.

Situational Interviews

A type of interview where candidates are asked to describe how they would respond to hypothetical scenarios related to the job, assessing their problem-solving abilities and suitability.

Actual Behaviours

The real actions exhibited by individuals, as opposed to their intentions or beliefs.

Phone Interviews

A method of conducting an interview or gathering information over the telephone.