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

question 9

Multiple Choice

Use the following information to answer the question(s) below.
Pew Corporation acquired 80% ownership of Sordid Incorporated,at a time when Pew's investment cost was equal to 80% of Sordid's book value.At the time of acquisition,the book values and fair values of Sordid's assets and liabilities were equal.Pew uses the equity method.During 2011,Pew sold goods to Sordid for $160,000 making a gross profit percentage of 20%.Half of these goods remained unsold in Sordid's inventory at the end of the year.Income statement information for Pew and Sordid for 2011 were as follows:

-The 2011 consolidated income statement showed noncontrolling interest share of

• A)$3,200.
• B)$6,400.
• C)$8,800.
• D)$12,000.

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Definitions:

Distribution Results

Outcomes or effects resulting from the way a product or service is distributed or made available to consumers.

Primary Forces

The main factors or influences that have a significant impact on a business or market environment.

Neurodevelopmental Disorders

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HIV

Human immunodeficiency virus (HIV) is a chronic disease that affects the immune system. Under normal circumstances, the immune system protects against infections and diseases; however, it becomes less efficient when weakened by HIV. The rate of deterioration of the immune system varies from rapid to slow. As the immune system deteriorates, other health problems, including opportunistic infections, are increasingly likely to occur.