On january 1, 2013, pride co. purchased 90 percent of the outstanding voting shares of star inc. for $540,000 cash. the acquisition-date fair value of the noncontrolling interest was $60,000. at january 1, 2013, star's net assets had a total carrying amount of $420,000. equipment (8-year remaining life) was undervalued on star's financial records by $80,000. any remaining excess fair value over book value was attributed to a customer list developed by star (4-year remaining life), but not recorded on its books. star recorded income of $70,000 in 2013 and $80,000 in 2014. each year since the acquisition, star has paid a $20,000 dividend. at january 1, 2015, pride's retained earnings show a $250,000 balance.
selected account balances for the two companies from their separate operations were as follows:
pride star
2015 revenues $498,000 $285,000
2015 expenses 350,000 195,000
what is consolidated net income for 2015?
$238,000.
$197,500.
$203,000.
$194,000.

For fundamental-type variables, list-initialization syntax prevents narrowing conversions that could result in data loss. for fundamental-type variables, list-initialization syntax allows narrowing conversions that could result in data loss.

Richardson hired j.c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j.c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."

Kevin and jenny, who are both working full-time, have three children all under the age of ten. the two youngest children, who are three and five years old, attended eastside pre-school for a total cost of $3,000. ervin, who is nine, attended big kid daycare after school at a cost of $2,000. jenny has earned income of $15,000 and kevin earns $14,000. what amount of childcare expenses should be used to determine the child and dependent care credit?