On January 1,2007,Servant Company Purchased a Machine with an Expected

question 17

Multiple Choice

On January 1,2007,Servant Company purchased a machine with an expected economic life of five years.On January 1,2009,Servant sold the machine to Master Corporation and recorded the following entry:
Master Corporation holds 75 percent of Servant's voting shares.Servant reported net income of $50,000,and Master reported income from its own operations of $100,000 for 2009.There is no change in the estimated economic life of the equipment as a result of the intercorporate transfer.

-Based on the preceding information,income assigned to the noncontrolling interest in the 2009 consolidated income statement will be:

• A)$12,000.
• B)$14,000.
• C)$12,500.
• D)$48,000.

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Definitions:

Temperament

An individual's innate disposition or behavioral style and characteristic emotional responses.

Personality

An individual’s characteristic pattern of thinking, feeling, and acting.

Mood

A temporary state of mind or feeling that can influence an individual's perception, behavior, and responses to various situations.

Psychological Adjustment

involves how well individuals cope with and adapt to the changes and challenges in their lives, maintaining psychological well-being.