Delta corporation owns 90 percent of sigma company, and sigma owns 90 percent of pi, inc., all of which are domestic corporations. there are no excess amortizations associated with any of the acquisitions. information for the three companies for the year ending december 31, 2018 follows:

delta sigma pi
separate company net income $ 600,000 $ 400,000 $ 200,000
intra-entity gross profits on transfers of inventory which remain with the buyer at the reporting date and are included in operating income above 24,000 0 8,000
what is the total net income attributable to the noncontrolling interest for 2018?

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

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?