The shareholders’ equity section of Lift Hydraulics Incorporated’s balance sheet disclosed the following amounts:

(in millions)	Dec. 29, Year 7	Dec. 28, Year 6
Accumulated other comprehensive income	$5,632,000	$4,543,000

Additional disclosures indicated that the only component included in comprehensive income beyond net income resulted from foreign currency translation adjustments.  Net income totaled $24,131,000 and $15,223,000 for the years ending December 29, Year 7, and December 28, Year 6, respectively.  

How much is Lift Hydraulics comprehensive income for Year 7?

	a.	$27,763,000
	b.	$21,042,000
	c.	$25,220,000
	d.	$  7,997,000

Hubert Products transferred $750,000 of accounts receivable to a newly established subsidiary whose sole purpose was to buy and factor accounts receivable from Hubert. Hubert received a 65 percent interest in the subsidiary while another company contributed $350,000 cash to be a 35% owner.  During the first year, the subsidiary reported $800,000 of revenue, $600,000 of expenses, and paid $120,000 of cash dividends.  

At what value will this variable interest entity be reported on Hubert Products’ balance sheet at year end?

	a.	$802,000
	b.	$-0-
	c.	$702,000
	d.	$730,000