Find Corp and Has Elected to Use Proportionate Consolidation Method

question 26

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 other expenses that would appear on the Consolidated Income Statement?

• A) $200,000
• B) $212,000
• C) $248,000
• D) $260,000

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Definitions:

Physiological Needs

Basic physical requirements necessary for survival, such as food, water, and sleep.

Laboratory Research

Scientific research carried out in a controlled, often indoor, environment where variables can be manipulated and observed closely.

Cognitive Needs

Refers to the mental requirements necessary for learning, understanding, and developing intelligence, including perception, attention, and memory.

Innate Needs

Fundamental, biologically driven requirements essential for survival and psychological development, such as needs for food, safety, and belonging.