on 1/1/2019 X CO acquired 80% of Y common stock for $150,000 in the same...
80.2K
Verified Solution
Link Copied!
Question
Accounting
on 1/1/2019 X CO acquired 80% of Y common stock for $150,000 in the same day the y net assets was $140,000 ,in the same date the fair value of assets and liabilities were equal .year ended 31/12/2019 Y reported income $50,000,declared dividend $30,000,X using equity methods what is non controlling interest in net income balance on 31/12/2019
Select one: a. 37,500 b. 41,500 c. 10,000 d. 4,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
