Program Corporation Owns 70% of Solution Company A)$125
B)$1

question 45

Multiple Choice

Program Corporation owns 70% of Solution Company.Selected financial data for each for the current year follows: Consolidated basic earnings per share (BEPS) is (round to the nearest cent) :
$\begin{array}{lr}\text { Program Corporation: } & \\\text { Internally generated net income } & \$ 125,000 \\\text { Common shares outstanding } & 100,000\\\text { Solution Company: }\\\text { Net income (adjusted for intercompany profits) } & \$ 50,000 \\\text { Common shares outstanding } & 10,000\end{array}$

• A)$1.25
• B)$1.64
• C)$1.60
• D)$1.59

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Definitions:

Structural Oppression

Refers to systematic and societal norms, policies, and institutions that discriminate or disadvantage certain groups based on their identity characteristics such as race, gender, sexual orientation, or socioeconomic status.

Same-Sex Marriage

The legally recognized marriage between two individuals of the same gender, granted the same rights and responsibilities as heterosexual marriage.

Community

A group of people living in the same place or having a particular characteristic in common, often sharing a sense of belonging and mutual support.

Personal

Pertaining to or affecting a particular person rather than anyone else; private or individual.