Assuming There Are No Excess Amortizations or Other Intra-Entity Transactions

question 60

Multiple Choice

Assuming there are no excess amortizations or other intra-entity transactions, Compute the net income attributable to the noncontrolling interest of Devin for 2017.

• A) $116,400.
• B) $120,400.
• C) $120,000.
• D) $123,200.
• E) $112,000.

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Definitions:

League of Nations

An international organization founded after World War I to promote world peace and cooperation, but ultimately unable to prevent World War II.

Reparations Payments

Financial compensation given to individuals or communities as amends for injustices or wrongs done to them.

German Reparations

Compensation payments made by Germany primarily to the Allies, as required by the Treaty of Versailles after World War I.

Fourteen Points

A statement of principles for peace that was to be used for peace negotiations in order to end World War I, proposed by U.S. President Woodrow Wilson in 1918.