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

question 35

Multiple Choice

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

• A)$18,000.
• B)$25,200.
• C)$36,200.
• D)$72,000.

---

Definitions:

Mathematical/Logical Intelligence

Refers to one of Howard Gardner's multiple intelligences, characterized by the ability to analyze problems logically, carry out mathematical operations, and investigate issues scientifically.

Emotional Intelligence

The ability to understand, use, and manage one's own emotions in positive ways to relieve stress, communicate effectively, empathize with others, and overcome challenges.

Practical Intelligence

The ability to solve everyday problems by utilizing knowledge gained from experience in order to effectively deal with tasks and challenges.

Fluid Intelligence

The capacity to reason quickly and to think abstractly, often considered independent of learning, experience, and education.