The Following Information Pertains to the Shareholdings of an Affiliated

question 17

Multiple Choice

The following information pertains to the shareholdings of an affiliated group of companies. The respective ownership interest of each company is outlined below. All intercompany investments are accounted for using the equity method. The Net Incomes for these companies for the year ended December 31, 2012 were as follows: Unrealized intercompany profits (pre-tax) earned by the various companies for the year ended December 31, 2012 are shown below: All companies are subject to a 25% tax rate. How much is the non-controlling interest in A Inc.'s Consolidated Net Income for 2012?

• A) Nil.
• B) $382,500.
• C) $373,875.
• D) $400,000.

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Definitions:

Neural Fluid

A term that might refer to cerebrospinal fluid, which circulates in the brain and spinal cord to protect and nourish neural tissues.

Myelination

The process of coating the axons of neurons with a fatty substance called myelin, which improves the speed and efficiency of neural signal transmission.

Corpus Callosum

A wide band of nerve fibers connecting the left and right hemispheres of the brain, facilitating communication between them.

Both Hemispheres

Referring to the involvement or activation of both the left and right hemispheres of the brain.