On april 6, apple entered into a signed contract with bean, by which apple was to sell bean an antique automobile, having a fair
1 answer:
You might be interested in
Answer:
Beckman noncontrolling interest in subsidiary income $10,520
Calvin Machine (net of accumulated depreciation) $71,200
Explanation:
To calculate noncontrolling interest in subsidiary's income;
Revenue $65,550
Expenses $39,250 (29,250 + $6,800 + $3,200)
Net Income $26,300
Noncontrolling percentage = 40%
NonControlling Income = $10,520
Depreciation of Machine =
= 6,800 per annum
Amortization of trade secrets =
Amortization of trade secrets =
= 3,200