Prescott corp. owned 90% of bell inc., while bell owned 10% of the outstanding common shares of prescott. no goodwill or other allocations were recognized in connection with either of these acquisitions. prescott reported operating income of $266,000 for 2013 whereas bell earned $98,000 during the same period. no investment income was included within either of these income totals. on a consolidated income statement, what is the non-controlling interest in bell's net income?

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.