Solved

Alpha Corporation Owns 100 Percent of Beta Company, and Beta

Question 74

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, 2011 follows: 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, 2011 follows: What is the non-controlling interest in Gamma's income for 2011? A) $0. B) $9,600. C) $10,000. D) $19,200. E) $20,000. What is the non-controlling interest in Gamma's income for 2011?


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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q69: Paris, Inc. owns 80 percent of the

Q70: Alpha Corporation owns 100 percent of Beta

Q71: Delta Corporation owns 90 percent of Sigma

Q72: Dean, Inc. owns 90 percent of Ralph,

Q72: Paris, Inc. owns 80 percent of the

Q75: Alpha Corporation owns 100 percent of Beta

Q76: Delta Corporation owns 90 percent of Sigma

Q77: Alpha Corporation owns 100 percent of Beta

Q78: Delta Corporation owns 90 percent of Sigma

Q79: Delta Corporation owns 90 percent of Sigma

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents