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

question 5

Multiple Choice

Use the following information to answer the question(s) below.
Bird Corporation purchased an 80% interest in Brush Corporation on July 1, 2010 at its book value, and on January 1, 2011 its Investment in Brush account was $300,000, equal to its book value. Brush's net income for 2011 was $99,000 (earned uniformly) ; no dividends were declared. On March 1, 2011, Bird reduced its interest in Brush by selling a 20% interest, one-fourth of its investment, for $84,000.
-If Bird uses the "actual-sale-date" sales assumption, its gain on the sale and income from Brush for 2011 will be

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Definitions:

Elbow Flexed

Referring to the position of the elbow when it is bent, decreasing the angle between the forearm and upper arm.

Degree Angle

A unit of measurement for angles, with one degree being 1/360th of a circle.

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Engaging in physical activity consistently to improve or maintain one's health and fitness.

Feel Healthier

A subjective sense of well-being and physical fitness, often resulting from healthy lifestyle choices.