Find Corp and Has Elected to Use Proportionate Consolidation Method

question 38

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 non-controlling interest that would appear on Seek's December 31, 2013 Consolidated Balance Sheet?

• A) Nil
• B) $136,000
• C) $144,000
• D) $180,000.

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Definitions:

Intimacy

A close, familiar, and usually affectionate or loving personal relationship with another person or group.

Power

is the ability or capacity to influence or control the behavior of others or the course of events.

Inclusion

The practice or policy of providing equal access to opportunities and resources for people who might otherwise be excluded or marginalized, such as those having physical or mental disabilities, or being members of minority groups.

Control

The power to influence or direct people's behavior or the course of events.