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

question 14

Multiple Choice

Use the following information to answer the question(s) below.
Poe Corporation owns an 80% interest in Seri Company acquired at book value several years ago.On January 2,2011,Seri purchased $100,000 par of Poe's outstanding 10% bonds for $103,000.The bonds were issued at par and mature on January 1,2014.Straight-line amortization is used.Separate incomes of Poe and Seri for 2011 are $350,000 and $120,000,respectively.Poe uses the equity method to account for the investment in Seri.
-Controlling interest share of consolidated net income for 2011 was

• A)$443,600.
• B)$444,000.
• C)$444,400.
• D)$448,000.

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Definitions:

Alternate-Choice Close

Alternate-Choice Close is a selling technique where the salesperson presents the prospect with two choices, both leading to a sale, giving the illusion of control.

Summary-Of-Benefits Close

A close wherein the salesperson summarizes the benefits of the product in a positive manner so that the prospect agrees with what the salesperson says.

Organic Ingredients

Components sourced from farming practices that do not use synthetic pesticides, fertilizers, or genetically modified organisms (GMOs).

Assumptive Close

A sales technique where the seller assumes that the buyer has already decided to purchase and wraps up the sale accordingly.