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

question 9

Multiple Choice

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

Paiva Corporation owns 80% of Ackroyd Corporation's outstanding common stock and Ackroyd owns 80% of the outstanding common stock of Bailey Corporation. Bailey Corporation owns 10% of the outstanding common stock of Ackroyd Corporation. The cost of the investments was equal to book value and there were not fair value/book value differences for the investments. The separate net incomes for the three affiliated companies for the year ended December 31, 2014 (excluding investment income) are as follows: Paiva Corporation, $100,000, Ackroyd Corporation, $50,000, and Bailey Corporation, $30,000. Use the conventional approach.

Symbols used:

-Ackroyd's noncontrolling interest share for 2014 is

• A)$7,609.
• B)$8,044.
• C)$15,652.
• D)$23,696.

---

Definitions:

Communicate And Collaborate

Communicate and Collaborate refers to the processes and tools that allow individuals to share information and work together effectively, often in a workspace or project environment.

Microsoft Office Professional 2013

Microsoft Office Professional 2013 is a version of Microsoft Office, a suite of productivity applications, which includes programs like Word, Excel, PowerPoint, and Access, designed for professional use.

Communication And Collaboration Tools

Technologies and platforms that facilitate interaction and shared work among individuals and groups, often used in business and education settings.

Supported Mobile Device

A mobile phone or tablet that is compatible with specific software, apps, or technologies as defined by the manufacturer or service provider.