Find Corp and Has Elected to Use Proportionate Consolidation Method

question 27

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 cost of sales that would appear on the Consolidated Income Statement?

• A) $396,000
• B) $399,000
• C) $420,000
• D) $500,000

Know how to manipulate and manage text within software applications.

Familiarity with the interface and functionality of text editing software.

Understand the definition and fundamental roles of political parties in the United States.

Grasp the historical development and transformation of the U.S. party system since 1789.

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Definitions:

Labeled

Marked with identifiers or tags for ease of identification or explanation.

Eukaryotic Transcription

The process by which genetic information from DNA is copied to messenger RNA in cells with a nucleus.

Upstream Promoter Elements

DNA sequences located before (upstream of) the coding sequence of a gene that help initiate transcription by binding specific proteins.

Enhancers

Regulatory DNA sequences that enhance gene transcription; can be located long distances away from the actual coding regions of a gene.