Fort Owns 70% of the Outstanding Common Shares of Sort

question 23

Multiple Choice

Fort owns 70% of the outstanding common shares of Sort.On December 30,20X3,Sort sold some equipment to Fort for $100,000.The equipment had been purchased by Sort for $120,000 in 20X2,had accumulated amortization of $30,000 and a six-year remaining life at December 31,20X3.Both companies record a full year of amortization expense for assets purchased in the first half of the year and no amortization on assets purchased in the last half of the year.Equipment for Fort and Sort on their separate-entity balance sheets at December 31,20X3 was as follows:

What is the non-controlling interest's share of the consolidation adjustment on the balance sheet at December 31,20X3?

• A)$0
• B)$3,000
• C)$30,000
• D)$36,000

Understand different leadership perspectives and their effectiveness in varying situations.

Identify the dimensions and importance of transformational leadership.

Recognize the role of self-interests and collective vision in leadership.

Analyze leadership effectiveness using the Blake Mouton Grid.

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Definitions:

Weighted Average

An analysis that incorporates the diverse levels of relevance of the numbers within a dataset.

Discount Rate

The discount rate applied in discounted cash flow analysis to calculate the current value of expected future cash flows.

Investment Project

A project undertaken by an individual or company involving an investment of resources aimed at generating financial returns.

Cost Of Capital

The rate of return that a business must achieve to generate value for its investors, essentially the cost of raising funds through debt or equity.