Pony owns 80 of shetland during 2010 shetland sold 100000


Pony owns 80% of Shetland. During 2010, Shetland sold $100,000 of merchandise at a 25% gross profit to its parent. One-tenth of the goods remain unsold by Pony at the end of 2010. How much of the gross profit will the noncontrolling interest receive as a result of these sales?

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: Pony owns 80 of shetland during 2010 shetland sold 100000
Reference No:- TGS01695169

Expected delivery within 24 Hours