Zeta Corporation and Its Subsidiary Reported Consolidated Net Income of $320,000

question 17

Multiple Choice

Zeta Corporation and its subsidiary reported consolidated net income of $320,000 for the year ended December 31,2008.Zeta owns 80 percent of the common shares of its subsidiary,acquired at book value.Noncontrolling interest was assigned income of $30,000 in the consolidated income statement for 2008.What is the amount of separate operating income reported by Zeta for the year?

• A)$170,000
• B)$150,000
• C)$120,000
• D)$200,000

---

Definitions:

Managerial Ethics

Principles and standards that guide behavior in the world of business, including fairness, honesty, and integrity.

Corporate Social Responsibility

The concept that businesses should be accountable for their impact on society and the environment, going beyond profit-making to ethical, social, and ecological concerns.

Mary Parker Follett

An early 20th-century social worker and management consultant who emphasized the importance of human relations and collaborative management in organizations.

Maslow

A theory of human motivation that suggests people are motivated by a hierarchy of needs, starting from basic physiological needs to self-actualization.