Sub Company Sells All Its Output at 20 Percent Above

question 32

Multiple Choice

Sub Company sells all its output at 20 percent above cost to Par Corporation.Par purchases all its inventory from Sub.The incomes reported by the companies over the past three years are as follows:
Sub Company sold inventory for $300,000,$262,500 and $337,500 in the years 2006,2007,and 2008 respectively.Par Company reported ending inventory of $105,000,$157,500 and $180,000 for 2006,2007,and 2008 respectively.Par acquired 70 percent of the ownership of Sub on January 1,2006,at underlying book value.The fair value of the noncontrolling interest at the date of acquisition was equal to 30 percent of the book value of Sub Company.

-Based on the information given above,what will be the consolidated net income for 2007?

• A)$495,000
• B)$317,750
• C)$486,250
• D)$690,000

Identify the diagnostic challenges and inaccuracies in hospital records related to schizophrenia in the twentieth century.

Evaluate the effectiveness, challenges, and side effects of medication in the treatment of schizophrenia.

Describe the coordination and importance of post-hospitalization services for individuals with schizophrenia.

Analyze the distinction between psychosis and schizophrenia and understand that psychosis is not limited to schizophrenia.

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Definitions:

Morphogen

Substance that regulates development; secreted by one cell type and affects other cells in a concentration-dependent manner.

Concentration-dependent

A term used to describe processes or reactions that vary according to the concentration of a particular substance involved.

Development

Process by which the first cell of a multicelled organism gives rise to an adult.

Gastrulation

Animal developmental process by which cell movements produce a three-layered gastrula.