Pabari Corporation Owns an 80% Interest in Alders Corporation and Alders

question 2

Multiple Choice

Pabari Corporation owns an 80% interest in Alders Corporation and Alders owns a 60% interest in Babao Corporation.Both interests were acquired at a cost equal to book value equal to fair value.During 2013,Alders sells land to Babao at a profit of $12,000.Babao still holds the land at December 31,2013 Net income(loss) of the three companies (excluding investment income) for 2013 are:
Controlling interest share of consolidated net income and noncontrolling interest share,respectively,for 2013 are

• A)$211,200 and ($1,200).
• B)$211,200 and ($3,600).
• C)$213,600 and ($1,200).
• D)$213,600 and ($3,600).

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Definitions:

Medial Thigh Compartment

A region of the thigh that contains various muscle groups, including the adductors, which are involved in bringing the thigh towards the midline of the body.

Gluteus Maximus

The largest and most superficial of the three gluteal muscles, involved in the extension and outward rotation of the hip.

Sit-Ups

A physical exercise designed to strengthen the abdominal muscles by lifting the torso from a supine to a sitting position.

Sprinter's Stance

The initial position adopted by a sprinter before starting a race, optimized for maximum speed and efficiency at the race's onset.