Assuming There Are No Excess Amortizations Associated with the Consolidation

question 84

Multiple Choice

Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, compute the net income attributable to the noncontrolling interest of Gargiulo for 2019.

• A) $9,400.
• B) $9,375.
• C) $9,425.
• D) $9,325.
• E) $8,485.

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Definitions:

Phosphoglyceraldehyde (PGAL)

A three-carbon molecule formed in the Calvin cycle of photosynthesis and in glycolysis; involved in sugar metabolism.

Phosphoglycerate (PGA)

A three-carbon molecule that plays a critical role in both the glycolysis pathway and the Calvin cycle in photosynthesis.

Light-Independent Reactions

The series of biochemical reactions in photosynthesis that do not require light to proceed, occurring in the stroma of chloroplasts to synthesize glucose.

Photorespiration

Inefficient sugar-production pathway initiated when rubisco attaches oxygen instead of carbon dioxide to RuBP (ribulose bisphosphate).