Business, 08.11.2019 04:31, rubieceleste7710
Angela, |nc., hold a 90 percent interest in corby company. during 2012, corby sold inventory costing $77,000 to angelafor $110,000. of this inventory, $40,000 worth was not sold to outsiders until 2013. during 2013, corby sold inventorycosting $72,000 to angela for $120,000. a total of $50,000 of this inventory was not sold to outsiders until 2014. in 2013,angela reported net income of $150,000 while corby earned $90,000 after excess amortizations. what is thenoncontrolling interest in the 2013 income of the subsidiary? a. $8,000.b. $8,200.c. $9,000d. $9,800.
Answers: 3
30% = $12,000
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Angela, |nc., hold a 90 percent interest in corby company. during 2012, corby sold inventory costing...
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