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

question 2

Multiple Choice

Use the following information to answer the question(s) below.
On January 1,2010,Shrimp Corporation purchased a delivery truck with an expected useful life of five years,and a salvage value of $8,000.On January 1,2012,Shrimp sold the truck to Pacet Corporation.Pacet assumed the same salvage value and remaining life of three years used by Shrimp.Straight-line depreciation is used by both companies.On January 1,2012,Shrimp recorded the following journal entry:
Pacet holds 60% of Shrimp.Shrimp reported net income of $55,000 in 2012 and Pacet's separate net income (excludes interest in Shrimp) for 2012 was $98,000.
-Controlling interest share in consolidated net income for 2012 was

• A)$121,000.
• B)$125,000.
• C)$131,000.
• D)$143,000.

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Definitions:

Male Nurses

Professionals in nursing who are male, providing a range of healthcare services including patient care, administration of medications, and support for patients' families.

Proportion

The relationship or ratio between quantities or sizes, illustrating how one quantity is related to another.

Undergraduate Nursing Degree

A program of study that leads to a bachelor's degree in nursing, preparing students for a career as a registered nurse.

Established

Recognized and accepted, typically referring to something that has been in existence for a long time.