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

question 21

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.
-Noncontrolling interest share for 2011 was

• A)$23,000.
• B)$23,600.
• C)$24,000.
• D)$24,400.

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Definitions:

Academic Performance

The extent to which a student, teacher or institution has achieved their short or long-term educational goals.

Humanistic Personality Theories

Psychological theories that emphasize personal growth, self-awareness, and the inherent goodness of people, focusing on subjective experiences.

Behavioural Perspective

An approach in psychology that focuses on observable behaviors rather than internal states, emphasizing the learning processes that shape behavior.

Reinforcement

In psychology, a process that increases the likelihood of a behavior by adding or removing stimuli following the behavior.