Kings Has a 40% Joint Operation Interest in Fisher

question 13

Multiple Choice

Kings has a 40% joint operation interest in Fisher. Based on the following information, what amount will be presented for "revenues" on Kings' proportionately consolidated income statement?

• A)$1,000
• B)$1,800
• C)$2,000
• D)$3,000

---

Definitions:

Nominating Committee

A group within an organization responsible for recommending candidates for board or committee memberships.

Naming Committee

A group of individuals tasked with the responsibility of choosing names for new initiatives, projects, buildings, or entities.

Governance Committee

A governance committee is a group within an organization responsible for overseeing the overall governance structure, ensuring ethical, legal, and functional frameworks are in place and followed.

Manage

To oversee or control the operation, use, or conduct of something or someone, typically in a professional environment.