Problem

A subsidiary sold a depreciable asset to the parent company at a profit of $1,000 in the c...

A subsidiary sold a depreciable asset to the parent company at a profit of $1,000 in the current period.

Will the income assigned to the noncontrolling interest in the consolidated income statement for the current period be more if the intercorporate sale occurs on January 1 or on December 31? Why?

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