Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please do not copy paste from other answers. i am

Please do not copy paste from other answers. I am posting again to confirm answer....

50.1K

Verified Solution

Question

Accounting

Please do not copy paste from other answers. I am posting again to confirm answer.

image

Question 1 0/12 pts 3 18 Details Parent Company owns 80% of the outstanding stock of Sub Company. During 2021, Sub Company reported net income of 664000 and declared no dividends. At the end of the year, Sub Company's inventory included 113000 in unrealized profit on purchases from Parent Company. Intercompany sales for 2021 totaled 872000. 4 The amount of the noncontrolling interest to be deducted from consolidated income in arriving at 2021 controlling interest in consolidated net income is

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students