Prater Inc

question 108

Multiple Choice

Prater Inc. owned 85% of the voting common stock of Harkin Corp. During 2021, Prater made several sales of inventory to Harkin. The total selling price was $215,000 and the cost was $105,000. At the end of the year, 40% of the goods were still in Harkin's inventory. Harkin's reported net income was $400,000. Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, what was the net income attributable to the noncontrolling interest in Harkin?

• A)$51,000.
• B)$53,400.
• C)$60,000.
• D)$66,600.
• E)$32,250.

Recognize and analyze the impact of workplace relationships and social support systems on performance and assimilation.

Identify and understand various workplace behaviors and their categorization, such as bullying, harassment, and productivity issues.

Comprehend the importance and effect of the Pelz effect within managerial contexts.

Evaluate and differentiate communication flows within organizations and their effectiveness.

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Definitions:

Group Disadvantage

The adverse conditions or outcomes faced by a particular group due to social, economic, or political factors, often leading to inequality.

Altruistic Punishment

A behavior in which an individual incurs a cost to punish another for a perceived social norm violation, often to uphold societal rules or benefits.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone and one person's use doesn't reduce availability to others.

Moral Judgments

Evaluations or decisions based on the discernment of right and wrong, often influenced by an individual’s ethical beliefs and principles.