Business
Business, 22.12.2021 20:00, ciarab196

Devin reported net income of $300,000 and $325,000 for 2020 and 2021, respectively. Pepe uses the equity method to account for its investment in Devin. Assuming there are no excess amortizations or other intra-entity transactions, compute the net income attributable to the noncontrolling interest of Devin for 2021. Multiple Choice $130,800. $126,800. $122,000. $129,600. $130,000.

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Devin reported net income of $300,000 and $325,000 for 2020 and 2021, respectively. Pepe uses the eq...

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