Answer:
$40,800
Explanation:
The computation of the net income is shown below:-
With regard to non-controlling interest, Lowell Corp. and the non-controlling interest divided Boston net profits proportionately to their ownership interests.
Non controlling interest share of consolidated net income = Boston net income × Remaining percentage
= $204,000 × (100% - 80%)
= $204,000 × 20%
= $40,800
Therefore for computing the Non controlling interest share of consolidated net income we simply multiply the Boston net income with remaining percentage.
Answer:
Examples of environmental factors affecting business include:
Climate.
Climate change.
Weather.
Pollution.
Availability of non-renewable goods.
Explanation:
Hope it helps
Answer:
$12,000 for 2013 and $300,000 for 2018
Explanation:
Jamison Enterprises acquired a franchise to operate a Good Burger Joint in January, 2013. The cost of the franchise was $360,000 and was estimated to have a limited life of 30 years.
Hence the yearly franchise cost at this point is 360,00 / 30 years = $12,000
Early in the year 2018, the franchise was forced out of business due to lawsuits.
At this point the company had only operated for 5 years and have incurred franchise cost to date of 5 years x $12,000 = $60,000
Jamison should record $300,000 ($360,000 - $60,000 to date) balance of the franchise cost in its expenses to their income statement for the years 2018