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Amber Corporation holds 80 percent of the stock of Movie Productions Incorporated During 20X4, Amber...

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Accounting

Amber Corporation holds 80 percent of the stock of Movie Productions Incorporated During 20X4, Amber purchased an inventory of snack bar items for $40,000 and resold $30,000 to Movie Productions for $48,000. Movie Productions Inc. reported sales of $67,000 in 20X4 and had inventory of $16,000 on December 31, 20X4. The companies held no beginning inventory and had no other transactions in 20X4. What amount of income will be assigned to the noncontrolling interest in the 20X4 consolidated income statement? 9400 7000 10200 13400 8000

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