28) The noncontrolling interest line item on the income statement represents A) the portion of the subsidiary owned by others, which is deducted to determine net incom 6) the portion of the subsidiary owned by the reporting entity, which is added to determine C) the portion of earnings owned by the reporting entity, which is deducted to determine net income net income D) th e portion of earnings that belongs to others, which is added to determine net income 8i Company had the following balances for income from continuing operations and pretax gains and losses on December 31: 222,000 (76,000) 27,000 (140,000) (69,000) Income from continuing operations Loss on discontinued operations Unrealized gain on available-for-sale security Loss on impairment of Goodwill Foreign currency translation los The company's effective tax rate is 40%. What amount should Gerogi Company report as comprehensive income for the year ended December 31? A) $95,200 B) $104,000 C) $151,200 D) $196,800 30) Biglo Chemical Company reported the following in the statement of comprehensive income for the year ended December 31 Income from continuing operations before tax 500,000 (150,000) 350,000 (110,000) 240,000 Income tax expense Net income Other comprehensive income Comprehensive income During the year, the company paid $65,000 in dividends and purchased treasury stock with a par value of $10,000 at a cost of $70,000. If the balance of Retained Earnings at the beginning of the year was $3,700,000, what is the balance of Retained Earnings at the end of the year? A) $4,005,000 B) $3,985,000 C) $3,935,000 D) $3,915,000 31) Degree of solvency refers to B) a company's ability to refinance long-term debt as it becomes due ) a company's ability to quickly convert long-term assets into current assets A) a company's ability to meet long-term obligations as they become due C) a company's ability to quickly convert current assets into cash