The Following Information Pertains to Questions

question 3

Multiple Choice

The following information pertains to questions
The following information pertains to the shareholdings of an affiliated group of companies.The respective ownership interest of each company is outlined below.
A Inc.:
A Inc.owns 75% of J Inc.and 60% of G Inc.
J Inc.:
J Inc.owns 60% of D Inc.and 20% of G Inc.
G Inc.:
G Inc.owns 10% of J Inc.and 80% of Y Inc.
All intercompany investments are accounted for using the equity method.
The Net Incomes for these companies for the year ended December 31,2009 were as follows: Unrealized intercompany profits earned by the various companies for the year ended December 31,2009 are shown below: All companies are subject to a 25% tax rate.
-Approximately what percentage of the non-controlling interest was due to D's own earnings?

• A)19%
• B)45%
• C)30%
• D)5%

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Definitions:

Holder In Due Course

A legal term referring to a person who acquires a negotiable instrument in good faith and has the right to collect it free from any defects.

Provide Value

The act of offering products, services or actions that are beneficial or of worth to customers, stakeholders, or society at large.

Requirements

Conditions or capabilities needed by a user to solve a problem or achieve an objective.

Legal Endorse

Legal endorse, likely a variant of "legal endorsement," refers to the act of formally approving or sanctioning a document or action within the confines of the law.