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

question 14

Multiple Choice

Use the following information to answer the question(s) below.
Poe Corporation owns an 80% interest in Seri Company acquired at book value several years ago.On January 2,2011,Seri purchased $100,000 par of Poe's outstanding 10% bonds for $103,000.The bonds were issued at par and mature on January 1,2014.Straight-line amortization is used.Separate incomes of Poe and Seri for 2011 are $350,000 and $120,000,respectively.Poe uses the equity method to account for the investment in Seri.
-Controlling interest share of consolidated net income for 2011 was

• A)$443,600.
• B)$444,000.
• C)$444,400.
• D)$448,000.

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Definitions:

Left Temporal Lobe

A region of the brain located in the left hemisphere, important for understanding language, processing auditory information, and managing memory.

Speaking

The act of conveying thoughts, opinions, or information orally through the use of vocal cords.

Supplementary Speech Area

Speech production region on the left frontal lobe dorsal surface.

Electrical Stimulation

A therapeutic technique that uses electrical impulses to cause muscles to contract, aiding in muscle rehabilitation and pain management.