REFERENCE: Ref.07_10 Alpha Corporation Owns 100 Percent of Beta Company,and Beta Owns

question 88

Multiple Choice

REFERENCE: Ref.07_10
Alpha Corporation owns 100 percent of Beta Company,and Beta owns 80 percent of Gamma,Inc. ,all of which are domestic corporations.Information for the three companies for the year ending December 31,2009 follows:

-What is the noncontrolling interest in Gamma's income for 2009?

• A)$0.
• B)$9,600.
• C)$10,000.
• D)$19,200.
• E)$20,000.

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Definitions:

Archegoniophore

The structure that bears archegonia, found in certain plants like liverworts and ferns, facilitating reproduction.

Liverworts

Simple, non-vascular plants that are part of the bryophyte group, often found in moist habitats and playing a role in the ecosystem as pioneer species.

Lycopodiophyta

A division of vascular plants known as clubmosses that exhibit early characteristics of plant evolution such as microphyll leaves.

Bryophyta

A division of non-vascular plants that includes mosses, liverworts, and hornworts, characterized by a life cycle dominated by the gametophyte stage.