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

question 70

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 Pi's income for 2009?

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

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Definitions:

Wage Rate

The amount of money paid per unit of time (hour, day, etc.) to compensate employees for their labor.

Gardenburger Makers

Companies or entities involved in the production of Gardenburger, a brand of meatless burgers often made from vegetables, grains, and legumes.

Increase in Supply

A shift to the right of the supply curve, indicating a higher quantity supplied at each price.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.