What is the non-controlling interest''s share, Accounting Basics

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What is the non-controlling interest''s share

Norek Corp. owned 70% of the voting common stock of Thelma Co. On January 2, 2009, Thelma sold a parcel of land to Norek. The land had a book value of $32,000 and was sold to Norek for $45,000. Thelma's reported net income for 2009 was $119,000. What is the non-controlling interest's share of Thelma's net income?

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Accounting Basics: What is the non-controlling interest''s share

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Accounting Basics: What is the non-controlling interest''s share

Reference No:- TGS087213

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the non-controlling interest''s share

Reference No:- TGS087213

Recent Questions Asked Accounting Basics

Q : How would consolidated cost of goods sold

Q : Identify the level within a database system

Q : Which approach is preferable for variable cost

Q : Sequence of events when fertilizer runoff reaches the bay

Q : What is the non-controlling interest''s share

Q : Create the logic for a program that performs arithmetic

Q : Prepare the adjusting entry for vizarro

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Q : Was the amount of net income or net loss

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