Non-controlling interest in the subsidiary income, Accounting Basics

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Non-controlling interest in the subsidiary income

Rojas Co. owned 7,000 shares (70%) of the outstanding 10%, $100 par preferred stock and 60% of the outstanding common stock of Brett Co. When Brett reported net income of $780,000, what was the noncontrolling interest in the subsidiary's income?

A. $234,000.

B. $273,000.

C. $302,000.

D. $312,000.

E. $284,000.

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Accounting Basics: Non-controlling interest in the subsidiary income

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Accounting Basics: Non-controlling interest in the subsidiary income

Reference No:- TGS048265

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is the amount of goodwill to be recorded in purchase

Q : What are the equilibrium price and quantity

Q : Find out the net cash from operating activities

Q : How much money supply expand to lend all excess reserves

Q : Non-controlling interest in the subsidiary income

Q : What is the increase in income tax caused by these items

Q : Negotiating with the bank

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Non-controlling interest in the subsidiary income

Reference No:- TGS048265

Recent Questions Asked Accounting Basics

Q : What is the amount of goodwill to be recorded in purchase

Q : What are the equilibrium price and quantity

Q : Find out the net cash from operating activities

Q : How much money supply expand to lend all excess reserves

Q : Non-controlling interest in the subsidiary income

Q : What is the increase in income tax caused by these items

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Q : Calculate and journalize the foreign exchange adjustments

Q : What is the precise dollar amount implied by consultant

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