Starts has a 60% joint operation interest in Fish.Based on the following information,what amount will be presented for current liabilities on Starts' proportionately consolidated balance sheet?

A)$550
B)$470
C)$350
D)$200

Name: Starts has a 60% joint operation interest in Fish.Based on the following information,what amount will be presented for current liabilities on Starts' proportionately consolidated balance sheet? A)$550 B)$470 C)$350 D)$200
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Question

Starts has a 60% joint operation interest in Fish.Based on the following information,what amount will be presented for current liabilities on Starts' proportionately consolidated balance sheet?

A)$550 
B)$470 
C)$350 
D)$200

Quizplus · Accepted Answer

B)350 + (200 × 60% interest )= 470

Starts Has a 60% Joint Operation Interest in Fish