test practice 8 - 155 award 0 out of 0 points What is...

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155. award: 0 out of 0 points What is Sigma's accrual-based income for 2011? $400,000. $592,000. $540,000. $572,800. $600,000. references 156. award: 0 out of 0 points What is Delta's accrual-based income for 2011? $1,091,520. $1,115,520. $1,168,000. $1,168,520. $1,200,000. references 157. award: 0 out of 0 points What is the noncontrolling interest in Pi's income for 2011? $0. $9,600. $10,000. $19,200.
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$20,000. references 158. award: 0 out of 0 points What is the noncontrolling interest in Sigma's income for 2011? $55,240. $56,420. $57,280. $59,420. $60,000. references 159. award: 0 out of 0 points What is the total noncontrolling interest in the subsidiaries' income for 2011? $55,240. $66,020. $67,280. $76,280. $76,480. Paris, Inc. owns 80 percent of the voting stock of Stance, Inc. The excess total fair value over book value was $75,000. Stance holds 10 percent of the voting stock of Paris. The payment for that investment was in excess of book value and fair value by $15,000. Any excess fair value is assigned to trademarks to be amortized over a 10-year period. During the current year, Paris reported operating income of $200,000 and dividend income from Stance of $20,000. At the same time, Stance reported operating income of $40,000 and dividend income from Paris of $5,000. 160. award: 0 out of 0 points
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What will be reported as the noncontrolling interest in Stance's net income? $6,500. $8,000. $9,000. $7,500. $1,000. references 161. award: 0 out of 0 points What is consolidated net income? $229,500. $237,000. $245,000. $232,500. $240,000. references 162. award: 0 out of 0 points What is Paris' share of consolidated net income?
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