Net income for the year for Tanizaki, Inc. was $750,000, but the statement of cash flows reports that net cash provided by opera
1 answer:
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Answer:
correct option is b. $22,000
Explanation:
given data
reported revenues = $810,000
expenses = $630,000
annual amount of amortization = $15,000
solution
we get here net income 2019 is
net income 2019 = revenue - expenses - amortization ........1
put here value
net income 2019 = $810,000 - $630,000 - $15,000
net income 2019 = $165,000
and
as here acquired stock on September
so we get here income for September to December that is
net income = $165,000 ×
net income = $55000
and
non controlling interest is
non controlling interest = 40% of $55000
non controlling interest = $22,000
so correct option is b. $22,000