Femur Co Acquired 70% of the Voting Common Stock of Harbor

question 74

Multiple Choice

Femur Co. acquired 70% of the voting common stock of Harbor Corp. on January 1, 2010. During 2010, Harbor had revenues of $2,500,000 and expenses of $2,000,000. The amortization of excess cost allocations totaled $60,000 in 2010.
-The noncontrolling interest's share of the earnings of Harbor Corp. is calculated to be

• A) $132,000.
• B) $150,000.
• C) $168,000.
• D) $160,000.
• E) $0.

---

Definitions:

Ivan Pavlov

A Russian physiologist best known for his work in classical conditioning, demonstrating the learning process of associative reflexes.

Latent Learning

Latent Learning refers to the process where learning occurs without any obvious reinforcement and is not immediately demonstrated through behavior.

Unconditioned Response

A reflexive, organic response to a stimulus that takes place without prior training or conditioning.

Classical Conditioning

The technique of learning by the repeated conjunction of two stimuli; a reaction that is first elicited by the second stimulus is eventually elicited by just the first stimulus.