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

question 35

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Use the following information to answer the question(s) below.

Paint Corporation owns 82% of Achille Corporation and Achille Corporation owns 80% of Badrack Corporation. For the current year, the separate net incomes (excluding investment income) of Paint, Achille, and Badrack are $120,000, $100,000, and $50,000, respectively. The cost of each investment was equal to the book value of the investment, which was also equal to the fair value.

-Noncontrolling interest share for Achille is


Definitions:

Ideal Type

A conceptual tool used by sociologists, particularly in the work of Max Weber, to describe and understand the essential characteristics of a social phenomenon.

Ideal Type

In sociology, a conceptual model that serves as a standard of comparison for empirical observations, developed by Max Weber.

General Sociological

Pertaining to the broad field of sociology, focusing on social behaviors, social structures, and patterns of relationships within society as a whole.

Structural

Pertains to the underlying and enduring patterns or configurations in social life that influence social actions and institutions.

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