Maple Corporation and Its Subsidiary Reported Consolidated Net Income of $380,000

question 19

Multiple Choice

Maple Corporation and its subsidiary reported consolidated net income of $380,000 for the year ended December 31,20X5.Maple owns 75% of the common shares of its subsidiary,acquired at book value.Noncontrolling interest was assigned income of $25,000 in the consolidated income statement for 20X5.What is the amount of separate operating income reported by Maple for the year?

• A)$95,000
• B)$100,000
• C)$280,000
• D)$285,000

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Definitions:

Voluntary Behavior

Actions that are performed consciously and with intention, often motivated by personal choice rather than automatic reflexes.

Temperament

Temperament refers to the innate aspects of an individual's personality, such as their tendency towards certain moods and behaviors, which are evident from an early age.

Genetic Basis

The underlying foundation in the genes that contributes to the development of specific traits or conditions.

Co-sleeping

The practice of parents and young children sleeping in close proximity to one another, often in the same bed.