Find Corp and Has Elected to Use Proportionate Consolidation Method

question 3

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 intercompany sales and purchases that must be eliminated from the financial statements?

• A) $20,000
• B) $24,000
• C) $80,000
• D) $120,000

Differentiate between various types of data collection (e.g., survey, experiment, direct observation) and know when to apply each type.

Recognize the significance of controlling variables in experimental studies to determine causality.

Understand the concept of demographic variables and their role in data collection and analysis.

Evaluate the advantages and limitations of different survey methods and designs in research studies.

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Definitions:

Elements

Basic components or parts of a larger system or substance.

Self-fulfilling Prophecy

A belief or expectation that an individual holds that causes it to become true simply because the belief influences behavior towards that outcome.

Social Processes

The patterns of interactions and changes in relationships and societal norms over time.

Patriarchal Society

A social system in which men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.