A Corporation Had Net Income of $50,000 in 2012 and $60,000

question 13

Multiple Choice

A Corporation had net income of $50,000 in 2012 and $60,000 in 2013, excluding any income from its investment in B Company. B Company had net income of $30,000 in 2012 and $40,000 in 2013. On January 1, 2013, A Corporation acquired all of the outstanding common shares of B Company for a cash payment of $300,000. Assume that there was no acquisition differential on this business combination. What net income would A Corporation report for 2013 in its comparative consolidated financial statements at the end of 2013?

• A) $40,000.
• B) $60,000.
• C) $80,000.
• D) $100,000.

Analyze the influence of birth order and sibling dynamics on personality and social skills.

Comprehend the process of forming early friendships and their impact on children's social development.

Identify the cognitive and social benefits of cooperative and dramatic play.

Understand the developmental milestones related to peer interactions and the formation of social identities.

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Definitions:

Business News

Information about economic activities, companies, markets, and financial developments relevant to stakeholders in the business world.

Cover Up

An attempt to prevent people from discovering the truth about a mistake, crime, or undesirable action.

Functional Résumé

A type of resume focused on skills and experiences rather than chronological work history, highlighting competencies relevant to the job being applied for.

Networking

The act of building and maintaining professional relationships with others in your field or industry, often for mutual benefit.