Question #53

Reading: Reading 8 Intercorporate Investments

PDF File: Reading 8 Intercorporate Investments.pdf

Page: 23

Status: Unattempted

Part of Context Group: Q53-54 First in Group
Shared Context
- After the acquisitions, minority interest reported by Company X will be: A) $168,000. B) $0. C) $72,000.
Question
Company X will report revenue for 2007 of:
Answer Choices:
A. $2,280,000
B. $2,000,000
C. $2,400,000
Explanation
Revenues will equal the revenue of Company X and D, which is 2,000,000 + 400,000.
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