Angela, Incorporated, holds a90 percent interest in Corby Company. During 2023, Corby sold inventory costing...

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Accounting

Angela, Incorporated, holds a90 percent interest in Corby Company. During 2023, Corby sold inventory costing $118,500to Angela for $158,000.Of this inventory, $42,000 worth was not
sold to outsiders until 2024. During 2024, Corby sold inventory costing $108,550to Angela for $167,000. A total of $54,600of this inventory was not sold to outsiders until 2025.In2024,
Angela reported separate net income of $158,000 while Corby's net income was $128,500 after excess amortizations. What is the noncontrolling interest in the 2024 income of the
subsidiary?
Multiple Choice
$11,989
$14,110
$12,850
$12,535
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