Pigeon Corporation Acquired an 80% Interest in Statue Company on January

question 18

Multiple Choice

Pigeon Corporation acquired an 80% interest in Statue Company on January 1,2011,for $90,000 cash when Statue had Capital Stock of $60,000 and Retained Earnings of $40,000.The fair value/book value differential was attributable to equipment with a 10-year (straight-line) life.Statue suffered a $10,000 net loss in 2011 and paid no dividends.At year-end 2011,Statue owed Pigeon $18,000 on account.Pigeon's separate income for 2011 was $150,000.Controlling interest share of consolidated net income for 2011 was

• A)$140,000.
• B)$141,000.
• C)$142,000.
• D)$150,000.

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Self-Esteem

The subjective evaluation or perception of one's own worth or value.

Intimacy In Friendship

Self-disclosure or the sharing of private thoughts.

Self-Disclosure

The act of revealing personal information about oneself to others, which can build trust and intimacy in relationships.

Cliques

Social groups that are often exclusive and characterized by common interests or friendships, typically within a larger group or institution.