Use the Following Information to Answer the Question(s) Below

question 43

Multiple Choice

Use the following information to answer the question(s) below.

Paint Corporation owns 82% of Achille Corporation and Achille Corporation owns 80% of Badrack Corporation. For the current year, the separate net incomes (excluding investment income) of Paint, Achille, and Badrack are $120,000, $100,000, and $50,000, respectively. The cost of each investment was equal to the book value of the investment, which was also equal to the fair value.

-Noncontrolling interest share for Badrack is

• A)$9,000.
• B)$10,000.
• C)$20,000.
• D)$40,000.

---

Definitions:

Learned Helplessness

A psychological condition in which an individual becomes passive and unable to act to escape adverse situations due to previous exposure to uncontrollable events.

Pessimistic Explanatory Style

A tendency to explain negative events as permanent, pervasive, and personal causes, often linked to feelings of helplessness and depression.

Seligman

Martin Seligman is a psychologist known for his work on learned helplessness, positive psychology, and well-being.

College Students

Individuals enrolled in an institution of higher education pursuing undergraduate or postgraduate courses.