Alpha Corporation Owns 100 Percent of Beta Company, and Beta

question 73

Multiple Choice

Alpha Corporation owns 100 percent of Beta Company, and Beta owns 80 percent of Gamma, Inc. all of which are domestic corporations. Information for the three companies for the year ending December 31, 2013 follows: What is the non-controlling interest in Gamma's income for 2013?

• A) $0.
• B) $9,600.
• C) $10,000.
• D) $19,200.
• E) $20,000.

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Definitions:

Altruistic Behavior

Actions taken to benefit others without expectation of reward or recognition, often at a cost to oneself.

Helping

The act of providing assistance or support to others, often to improve their situation or alleviate distress.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or the influence of group pressure on individual actions.

Confederates

Individuals who appear to be participants in a study but are actually part of the research team, used to manipulate social interactions.