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  3. bjking owns 80% of bobbi inc. in the last year, bo

BJKing owns 80% of Bobbi Inc. In the last year, Bobbi sold inventory costing $400,000...

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Accounting

BJKing owns 80% of Bobbi Inc. In the last year, Bobbi sold inventory costing $400,000 to BJKing for $500,000. At year-end, BJKing had 1/2 of this inventory remaining.
How much will the parent adjust it's investment income from Bitaat year-end? How much will the NCI income need to be adjusted?
decrease income from sub by $40,000; decrease NCI income by $10,000
decrease income from sub by $50,000; NCI income will not change
decrease income from sub by $10,000; decrease NCI income by $40,000
decrease income from sub by $100,000; decrease NCI income by $20,000

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