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Find Corp and Has Elected to Use Proportionate Consolidation Method

question 9

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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 miscellaneous liabilities that would appear on Seek's December 31, 2013 Consolidated Balance Sheet?


Definitions:

Reproductive Structures

Reproductive structures are specialized organs and tissues in organisms that are involved in reproduction, including testes in males and ovaries in females among others.

Mesonephros

Mesonephros refers to the middle set of embryonic kidneys that serve as a temporary kidney structure during early development in vertebrates.

Metanephros

The last stage of kidney development in vertebrates, forming the permanent adult kidney.

Pronephros

The most basic and embryonic form of kidney, which functions in the early stages of development in vertebrates.

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