1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
telo118 [61]
3 years ago
8

Angela, Inc., holds a 90 percent interest in Corby Company. During 2017, Corby sold inventory costing $77,000 to Angela for $110

,000. Of this inventory, $40,000 worth was not sold to outsiders until 2018. During 2018, Corby sold inventory costing $72,000 to Angela for $120,000. A total of $50,000 of this inventory was not sold to outsiders until 2019. In 2018, Angela reported separate net income of $150,000 while Corby's net income was $90,000 after excess amortizations. What is the noncontrolling interest in the 2018 income of the subsidiary?
Business
1 answer:
strojnjashka [21]3 years ago
6 0

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
You might be interested in
Merchant Company had the following foreign currency transactions: On November 1, 20X6, Merchant sold goods to a company located
vazorg [7]

Answer

The answer and procedures of the exercise are attached in the images below.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a 2 sheets with the formulas indications.  

6 0
3 years ago
A ________ is a formal document that states the goals of the business as well as the intended process for reaching those goals.
Digiron [165]
A business plan is a formal document that states the goals of the business as well as the intended process for reaching those goals. This provides a market analysis. This basically provides the investors an idea of how the company will make use of its money and conduct business.
3 0
3 years ago
The pdca cycle is a powerful approach for problem solving as it provides the foundation for teams to
natima [27]

The pdca cycle is a powerful approach for problem solving as it provides the foundation for teams to figure out ways to change and implement new ideas within their group setting and project or business. The PDCA stands for plan-do-check-act. In the planning stage your team will plan by determining what the problem is and what ways to fix it. In the do stage, your team will act on the ways you can solve the problem. In the check stage you are looking to check your work and see what worked and what needs to be changed. The final stage is the act stage which if you find solutions that work, implement them moving forward.


4 0
3 years ago
Is a company bonus earned income?
katrin2010 [14]
<span>Earned income typically includes salaries and bonuses, wages, commissions and tips. Union strike benefits are also considered earned income, as are long-term disability benefits received prior to minimum retirement age. So yes</span>
7 0
3 years ago
The market rate is the rate used to calculate the actual cash payments made to bondholders.
NISA [10]
It is false that the market rate is used to calculate the actual cash payments made to bondholders rather it is the economic price for goods and services that is offered for them in free market or market place. It is also called a going rate, the market value or market price are equal only under conditions of market equilibrium and rational expectation.
6 0
3 years ago
Other questions:
  • Raphael and Martina are engaged and are planning to travel to Las Vegas during the 2019 Christmas season and get married around
    14·1 answer
  • Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $362,000; the partnership
    6·1 answer
  • Nash Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1
    5·1 answer
  • Cost of Units Transferred Out and Ending Work in ProcessThe costs per equivalent unit of direct materials and conversion in the
    7·1 answer
  • What is the purpose of a trial balance?
    14·1 answer
  • In modern corporations—especially those in the United States and the United Kingdom—a primary objective of corporate governance
    11·1 answer
  • Intellectual property assets are
    10·2 answers
  • What does purchasing insurance for a business reveal about the business owner’s attitude toward financial risk?
    11·1 answer
  • According to the principle of comparative advantage, Group of answer choices countries should specialize in the production of go
    9·1 answer
  • A company's income statement showed the following: net income, $134,000; depreciation expense, $30,000; and gain on sale of plan
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!