Femur Co Acquired 70% of the Voting Common Stock of Harbor

question 22

Multiple Choice

Femur Co. acquired 70% of the voting common stock of Harbor Corp. on January 1, 2014. During 2014, Harbor had revenues of $2,500,000 and expenses of $2,000,000. The amortization of excess cost allocations totaled $60,000 in 2014.
The non-controlling interest's share of the earnings of Harbor Corp. is calculated to be

• A) $132,000.
• B) $150,000.
• C) $168,000.
• D) $160,000.
• E) $0.

Understand the importance of conciseness and reader-centeredness in business communication.

Identify and differentiate between effective and ineffective features of business communication.

Recognize the role of cultural sensitivity and clear language when communicating with non-English speakers.

Appreciate the value of excellent writing and communication skills in professional careers.

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Definitions:

Mandorla

An almond-shaped nimbus surrounding the figure of Christ or other sacred figure. In Buddhist Japan, a lotus-petal-shaped nimbus.

Polychrome Wood

Wood items decorated with multiple colors of paint, often found in sculptures, religious figures, and decorative arts.

Juan Martínez Montañés

A distinguished Spanish sculptor of the Baroque period, celebrated for his religious sculptures and altarpieces in wood.

Ceiling Fresco

A painting technique where the artwork is applied directly onto the plaster of a ceiling while it is still wet.