Maple Corporation and Its Subsidiary Reported Consolidated Net Income of $380,000

question 19

Multiple Choice

Maple Corporation and its subsidiary reported consolidated net income of $380,000 for the year ended December 31,20X5.Maple owns 75% of the common shares of its subsidiary,acquired at book value.Noncontrolling interest was assigned income of $25,000 in the consolidated income statement for 20X5.What is the amount of separate operating income reported by Maple for the year?

• A)$95,000
• B)$100,000
• C)$280,000
• D)$285,000

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Definitions:

Organizational Members

Individuals who are part of an organization, contributing to its culture, objectives, and achievements through their roles and responsibilities.

Strategic Change

The process of implementing significant adjustments in an organization's direction, operations, or capabilities to respond to internal or external opportunities and challenges.

Grassroots Change

A type of change initiated and driven by community members or lower-level employees, rather than top leadership.

Organic Structures

Refers to an organizational form that is flat, uses low levels of formalization, operates with decentralized decision-making, and encourages high levels of collaboration among employees.