Zebra Company owns 70 percent of Quake Company's stock. On December 31,20X8, Zebra purchased a...
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Zebra Company owns percent of Quake Company's stock. On December X Zebra purchased a building from Quake for $ Quake had purchased the building on January X at a cost of $ and used straightline depreciation on an expected life of years. The asset's total estimated economic life is unchanged as a result of the intercompany sale. Assume Quake reported net income of $ for X what amount of income will be assigned to the noncontrolling interest in the consolidated income statement for X A $ B $ C $ D $
Zebra Company owns percent of Quake Company's stock. On December X Zebra purchased a building from Quake for $ Quake had purchased the building on January X at a cost of $ and used straightline depreciation on an expected life of years. The asset's total estimated economic life is unchanged as a result of the intercompany sale. Assume Quake reported net income of $ for X what amount of income will be assigned to the noncontrolling interest in the consolidated income statement for X
A $
B $
C $
D $
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