Homework Answers
Answer:
non-controlling interest's share of Thelma's net income =$31800
Working notes for the above answer is as under
|
Particular |
Amount $ |
Amount $ |
|
Net income of Thelma |
119000 |
|
|
Less: |
||
|
Gain on slae of land |
-13000 |
|
|
(45000-32000) |
||
|
106000 |
||
|
Subsidary share |
30% |
|
|
non-controlling interest's share of Thelma's net income |
31800 |
|
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