Computing the noncontrolling interests equity balance Assume the following facts relating to an 90% owned subsidiary company: BOY stockholders’ equity $900,000 BOY AAP assets 117,000 Net income of subsidiary (not including [A] asset depreciation and amortization) 216,000 AAP assets depreciation and amortization expense 36,000 Dividends declared and paid by subsidiary 18,000 b. Compute the amount reported as noncontrolling equity at the end of the year. $Answer
Computing the noncontrolling interests equity balance Assume the following facts relating to an 90% owned subsidiary company: BOY stockholders’ equity $900,000 BOY AAP assets 117,000 Net income of subsidiary (not including [A] asset depreciation and amortization) 216,000 AAP assets depreciation and amortization expense 36,000 Dividends declared and paid by subsidiary 18,000 b. Compute the amount reported as noncontrolling equity at the end of the year. $Answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Computing the noncontrolling interests equity balance
Assume the following facts relating to an 90% owned subsidiary company:
| BOY |
$900,000 |
| BOY AAP assets | 117,000 |
| Net income of subsidiary (not including [A] asset |
216,000 |
| AAP assets depreciation and amortization expense | 36,000 |
| Dividends declared and paid by subsidiary | 18,000 |
b. Compute the amount reported as noncontrolling equity at the end of the year.
$Answer
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