Femur Co Acquired 70% of the Voting Common Stock of Harbor

question 42

Multiple Choice

Femur Co. acquired 70% of the voting common stock of Harbor Corp. on January 1, 2010. During 2010, Harbor had revenues of $2,500,000 and expenses of $2,000,000. The amortization of excess cost allocations totaled $60,000 in 2010. The non-controlling interest's share of the earnings of Harbor Corp. is calculated to be

• A) $132,000.
• B) $150,000.
• C) $168,000.
• D) $160,000.
• E) $0.

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Definitions:

Premenstrual Discomfort

Symptoms and physical discomfort often experienced by women in the days leading up to their menstrual period, including mood swings, tender breasts, food cravings, fatigue, irritability, and depression.

Physiological Processes

Biological functions and activities that maintain living organisms, encompassing everything from breathing to digestion.

Sexual Arousal

A state of heightened excitement and readiness for sexual activity, often characterized by physical and psychological changes.

Orgasm

The peak of sexual excitement, characterized by intense pleasure and followed by the release of sexual tensions.