During 2019, Subsidiary company, Sim had reported a net income $ 41,600 and declared dividends $ 12,000. The current amortization of acquisition price is $ 3,600. Intercompany sales from Subsidiary to Parent company, during 2019 were $ 2,600. Intercompany profit in ending inventory is $ 2,400 and intercompany profit in beginning inventory $ 1,200. Parent Company Pal had acquired 80% of subsidiary, Sim. What is the share of NCI in Subsidiarys net income for the year 2019? Select one: О а. 7,200 ОБ.7,300 O c. 7,360 O d. 7,400

During 2019, Subsidiary company, Sim had reported a net income $ 41,600 and declared dividends $ 12,000. The current amortization of acquisition price is $ 3,600. Intercompany sales from Subsidiary to Parent company, during 2019 were $ 2,600. Intercompany profit in ending inventory is $ 2,400 and intercompany profit in beginning inventory $ 1,200. Parent Company Pal had acquired 80% of subsidiary, Sim. What is the share of NCI in Subsidiarys net income for the year 2019? Select one: О а. 7,200 ОБ.7,300 O c. 7,360 O d. 7,400

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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