REFERENCE: Ref.07_11 Delta Corporation Owns 90 Percent of Sigma Company,and Sigma Owns

question 7

Multiple Choice

REFERENCE: Ref.07_11
Delta Corporation owns 90 percent of Sigma Company,and Sigma owns 90 percent of Pi,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 Sigma's income for 2009?

• A)$55,240.
• B)$56,420.
• C)$57,280.
• D)$59,420.
• E)$60,000.

Understand the concept of secondary liability in negotiable instruments.

Analyze court holdings related to negotiable instruments and bank transactions.

Recognize the legal responsibilities and liabilities of authorized agents, accommodation parties, and indorsers in the context of negotiable instruments.

Identify the steps an individual must take to avoid personal liability when acting as an agent.

---

Definitions:

Leadership Positions

Roles or titles within an organization that hold responsibility for guiding, directing, and influencing others.

Glass Ceiling

An unofficial barrier to advancement in a profession, especially affecting women and members of minorities.

Hostile Working Environment

A workplace where harassment and unwelcome conduct make it difficult for employees to work effectively.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature in a workplace or other professional or social situation.