Paste Corporation owns 70 percent of Stick Corporationâs voting common stock. On the date of acquisition, Stickâs fair value equaled its book value. On March 12, 20X2, Stick sold land it had purchased for $140,000 to Paste for $190,000. Paste plans to build a new warehouse on the property in 20X3.Paste has $500,000 of separate company net income for 20X2. This does not include any equity income from Stick. Stick has $300,000 of separate company net income.1. What will be reported as consolidated net income on the 20X2 income statement?2. What is 20X2 net income attributable to the noncontrolling interest?Now assume that Paste made the sale to Stick. Assume the same separate net incomes as above.3. What is 20X2 net income attributable to the noncontrolling interest?

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.