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

question 3

Multiple Choice

Use the following information to answer the question(s) below.
Bird Corporation purchased an 80% interest in Brush Corporation on July 1,2010 at its book value,and on January 1,2011 its Investment in Brush account was $300,000,equal to its book value.Brush's net income for 2011 was $99,000 (earned uniformly) ;no dividends were declared.On March 1,2011,Bird reduced its interest in Brush by selling a 20% interest,one-fourth of its investment,for $84,000.
-If Bird uses the "actual-sale-date" sales assumption,its gain on the sale and income from Brush for 2011 will be

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Definitions:

Biological Agents

Microorganisms or biologically derived substances that can cause disease or be used in biotechnology or biowarfare.

Psychological Terrorist Threat

A form of psychological warfare where threats are used to instill fear or influence behavior.

Radiological Exposure

Exposure to ionizing radiation, such as X-rays or gamma rays, that can come from medical imaging or environmental sources.

Radiation Sensing Equipment

Tools and devices used to detect and measure levels of radiation, utilized in medical, industrial, and safety applications.