Kings Has a 40% Joint Operation Interest in Fisher

question 55

Multiple Choice

Kings has a 40% joint operation interest in Fisher.Based on the following information,what amount will be presented for "revenues" on Kings' proportionately consolidated income statement?

• A)$1,000
• B)$1,800
• C)$2,000
• D)$3,000

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Definitions:

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from traumatic events or persistent failure to succeed. It is thought to be one of the underlying causes of depression.

Contingency Blocking

A phenomenon in classical conditioning where a subject learns to associate a particular stimulus with an outcome, blocking the learning of an association with a new stimulus presented at the same time.

Response Generalization

The process by which a learned response is applied to similar stimuli beyond the original conditioned stimulus.

Conditioned Stimulus

an originally neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.