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REFERENCE: Ref.03_01 On January 1,2009,Cale Corp.paid $1,020,000 to Acquire Kaltop Co.Kaltop Maintained

question 119

Multiple Choice

REFERENCE: Ref.03_01
On January 1,2009,Cale Corp.paid $1,020,000 to acquire Kaltop Co.Kaltop maintained separate incorporation.Cale used the equity method to account for the investment.The following information is available for Kaltop's assets,liabilities,and stockholders' equity accounts:
SHAPE \* MERGEFORMAT
$REFERENCE: Ref.03_01 On January 1,2009,Cale Corp.paid $1,020,000 to acquire Kaltop Co.Kaltop maintained separate incorporation.Cale used the equity method to account for the investment.The following information is available for Kaltop's assets,liabilities,and stockholders' equity accounts: SHAPE \* MERGEFORMAT Kaltop earned net income for 2009 of $126,000 and paid dividends of $48,000 during the year. -If Cale Corp.had net income of $444,000,exclusive of the investment,what is the amount of consolidated net income? A) $568,400. B) $570,000. C) $571,000. D) $566,400. E) $444,000.$ Kaltop earned net income for 2009 of $126,000 and paid dividends of $48,000 during the year.
-If Cale Corp.had net income of $444,000,exclusive of the investment,what is the amount of consolidated net income?

Definitions:

Spread

A term referring to the range or distribution of a set of data points or values, indicating how far apart data points are.

Histograms

A type of graphical representation of data distribution using bars of different heights to illustrate the frequency of data points within certain ranges.

Original Data

The initial dataset collected or observed before any processing, analysis, or transformation is applied.

Skewed Histogram

A graphical representation of data that is not symmetrical and leans towards one side, indicating a lack of normal distribution.