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:

Kidnapped

A situation where an individual is forcibly taken against their will, often involving unlawful confinement.

After Hours Party

A social gathering that takes place after the typical hours of operation, often informal and possibly unauthorized or illegal.

Dyspareunia

Painful intercourse, which can have both physical and psychological causes.

Intercourse

The physical act of sexual connection between individuals, typically involving the insertion of a penis into a vagina.