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

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What is the non-controlling interest''s share of thelma''s

Notrek 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 of thelma''s

Reference No:- TGS087345

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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 of thelma''s

Reference No:- TGS087345

Recent Questions Asked Accounting Basics

Q : You are required to write a report

Q : What was the non-controlling interest in kent''s net income

Q : How relative costs of storage influence choice of strategy

Q : Generally defined as a ust of values that is sorted

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

Q : Reducing the standard overhead rate

Q : Amount of stress and importance

Q : What is the capacity of the assembly line

Q : When is the $14,000 gain realized

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