REFERENCE: Ref.05_05 Gargiulo Company,a 90% Owned Subsidiary of Posito Corporation,sells Inventory to Inventory

question 60

Multiple Choice

REFERENCE: Ref.05_05
Gargiulo Company,a 90% owned subsidiary of Posito Corporation,sells inventory to Posito at a 25% profit on selling price.The following data are available pertaining to intercompany purchases.Gargiulo was acquired on January 1,2009.
Assume the equity method is used.The following data are available pertaining to Gargiulo's income and dividends.

-Compute the noncontrolling interest in Gargiulo's net income for 20010.

• A)$8,500.
• B)$8,570.
• C)$8,430.
• D)$8,400.
• E)$7,580.

Understand the role of consumer price index (CPI) and real wages in compensation management.

Grasp the basics of expectancy theory and its implications for motivation and compensation.

Appreciate the various sources and uses of wage survey data in establishing compensation levels.

Understand the legal and regulatory framework governing compensation, including employment standards acts and overtime regulations.

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Definitions:

Tractors

Agricultural machines used for plowing, tilling, and planting fields, as well as for hauling equipment.

Trade Deficit

An instance where the value of goods and services a country imports is greater than what it exports, causing a trade imbalance negatively.

Economic Colony

A region or country under the economic control or influence of another, often exploited for its resources.

Prime Exporter

A country or firm that is the leading seller of goods or services to foreign countries, thereby holding a significant share of international trade in certain commodities or products.