Although users use database systems, they are not considered part of a database system

Mickelson Company acquired an 80% interest in Footjoy on January 1, Year 1, for $1,200,000. The book value of Footjoy's identifiable net assets at that date was $900,000. One depreciable asset (10-year life) had a fair value that exceeded its book value by $100,000. Footjoy reported $60,000 of net income in Year 1 and paid $40,000 in dividends. What was the noncontrolling interest in NET ASSETS as of the date of DDEC 31, Year 1?

a. $242,000 b. $302,000 c. $304,000 d. $310,000

According to purchasing agents, one of the most common problems they encounter is that salespeople are inadequately trained.

a. true b. false