Find Corp and Has Elected to Use Proportionate Consolidation Method

question 30

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

• A) $129,000
• B) $132,000
• C) $312,000
• D) $360,000

---

Definitions:

Prejudice

Preconceived opinions or judgments about individuals or groups that are not based on reason or actual experience, often manifesting as discrimination or bias.

Multiculturalism Policy

A policy approach that recognizes, values, and promotes the cultural diversity within a society and encourages the retention of cultural identity among its members.

Canada

A country in North America known for its vast landscapes, multicultural society, and bilingual status with English and French as official languages.

Ethnic Entrepreneur

An individual who creates and operates a business venture, leveraging cultural knowledge and networks within their ethnic or immigrant community for success.