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.

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Definitions:

Menisci

Curved fibrocartilaginous structures in the knee joint that serve to distribute weight and reduce friction during movement.

Cartilage

A flexible connective tissue found in various forms in the body, including joints, ear structure, and the nose.

Synovial Joints

Synovial joints are the most movable type of joint in the body, characterized by a cavity filled with synovial fluid, which allows for smooth movement between the bones.

Discoidal

Pertaining to a disc-like shape; often used to describe the shape of certain blood cells, notably red blood cells, or other structures.