In Years Subsequent to the Year a 90% Owned Subsidiary

question 13

Multiple Choice

In years subsequent to the year a 90% owned subsidiary sells equipment to its parent company at a gain, the noncontrolling interest in consolidated income is computed by multiplying the noncontrolling interest percentage by the subsidiary's reported net income:

• A) minus the net amount of unrealized gain on the intercompany sale.
• B) plus the net amount of unrealized gain on the intercompany sale.
• C) minus intercompany gain considered realized in the current period.
• D) plus intercompany gain considered realized in the current period.

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Definitions:

Medical Student Syndrome

A phenomenon where medical students perceive themselves or others to be experiencing the symptoms of the diseases they are studying.

Psychopathology

The study of psychological disorders, including their symptoms, etiology (causes), and treatment.

Diagnosing

The process of identifying a disease or condition based on its signs and symptoms.

Diagnostic

Pertaining to the identification of the nature or cause of a health problem, often through evaluation of symptoms and tests.