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

question 30

Multiple Choice

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

Poe Corporation owns an 80% interest in Seri Company acquired at book value several years ago. On January 2, 2013, Seri purchased $100,000 par of Poe's outstanding 10% bonds for $103,000. The bonds were issued at par and mature on January 1, 2016. Straight-line amortization is used. Separate incomes of Poe and Seri for 2013 are $350,000 and $120,000, respectively. Poe uses the equity method to account for the investment in Seri.

-Noncontrolling interest share for 2013 was

• A)$23,000.
• B)$23,600.
• C)$24,000.
• D)$24,400.

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Definitions:

Shock Termination

The process of ending an application of electrical shock, often used in experimental settings to study learning or behavioral responses.

Skinner Box

An experimental apparatus developed by B.F. Skinner for studying behavioral conditioning in animals, usually through reinforcements and punishments.

Shock-Avoidance Task

A behavioral experiment where an animal or human learns to perform an action to avoid a forthcoming unpleasant stimulus, such as an electric shock.

Principle Of Belongness

The concept that people tend to learn and remember information better when they perceive it as being related or relevant to them.