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

question 11

Multiple Choice

Use the following information to answer the question(s) below.
Paiva Corporation owns 80% of Ackroyd Corporation's outstanding common stock and Ackroyd owns 80% of the outstanding common stock of Bailey Corporation.Bailey Corporation owns 10% of the outstanding common stock of Ackroyd Corporation.The cost of the investments was equal to book value and there were not fair value/book value differences for the investments.The separate net incomes for the three affiliated companies for the year ended December 31,2011 (excluding investment income) are as follows: Paiva Corporation,$100,000,Ackroyd Corporation,$50,000,and Bailey Corporation,$30,000.Use the conventional approach.
Symbols used:
P = Income of Paiva on a consolidated basis
A = Income of Ackroyd on a consolidated basis
B = Income of Bailey on a consolidated basis
-Ackroyd's noncontrolling interest share for 2011 is

• A)$ 7,609.
• B)$ 8,044.
• C)$15,652.
• D)$23,696.

Understand the historical and sociological impact of immigration in Canada.

Grasp the contributions and challenges faced by ethnic groups in Canada.

Identify key sociological theories and concepts related to ethnicity, immigration, and multiculturalism.

Recognize the role of policies and legislation in shaping the experiences of immigrants and ethnic groups in Canada.

---

Definitions:

Net Cash

The difference between the cash inflows and outflows in a given period, indicating the net change in a company's cash position.

Financing Activities

Transactions that result in changes in the size and composition of the equity and borrowings of a company, as reflected in its cash flows.

Free Cash Flow

The amount of cash a company produces through its operations, after subtracting the cost of expenditures on assets.

Net Cash

The difference between a company’s total cash inflows and cash outflows in a given period.