Kings has a 40% joint operation interest in Fisher.Based on the following information,what amount will be presented for "income from Fisher" on Kings' proportionately consolidated income statement?
Definitions:
Contributory Negligence
A legal doctrine that reduces the amount of damages a plaintiff can receive based on their own negligence contributing to the harm.
402A
A section of the Restatement (Second) of Torts, which sets out the principle of strict liability for harm caused by defective products.
Misuse Or Abuse
Wrong or excessive use of something that can lead to harm or damage.
Implied Warranties
Guarantees legally assumed in a transaction, suggesting that the product sold will meet certain standards of quality and reliability.
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