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.

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Definitions:

Quantity of Pollution

The measurable amount of pollutants or contaminants released into the environment, often subject to regulatory limits.

Marginal Social Cost

Marginal social cost is the total cost to society of producing one additional unit of a good, including both private costs and any externalities.

Environmental Standard

Regulations and criteria set to control pollution levels and protect environmental health by defining acceptable limits of pollutants or environmental impacts.

Quantity of Pollution

The total amount of pollutants released into the environment by an entity over a specific period, usually measured for regulatory or control purposes.