What is the non-controlling interest expense


Squid corporation a 90% owned subsidiary of Penguin Corporation sold inventory items to its parent at a $24,000 profit in 2009. Penguin resold one-third of this inventory to outside entities. Squid reported net income of $100,000 for 2009. what is the non-controlling interest expense that will appear in the consolited income statement for 2009 ?

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Accounting Basics: What is the non-controlling interest expense
Reference No:- TGS087232

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