Answer:
Income statement is prepared and attached with this answer please find it.
Explanation:
Income statement of both years is made using the ratios / percentage of each element. For example the cost of goods sold is calculated as $585,600 (960,000 x 61.0%) by multiplying the sales value to the respective percentage of cost of goods sold in 2019, which 61.0%. Same as for the 2018 figure.
C. focused on forging actions and approaches to compete successfully and perform well in one specific line of business.
Answer:
$90,000
Explanation:
We are assuming that the $210,000 paid for 70% of Pumpkin Corporation represents a fair value for their stock. The non-controlling interest is 30% of the company's stocks and we can use the value paid to determine the value of the non-controlling interest.
Non-controlling interest = ($210,000 / 70) * 30 = $90,000
You should inquire.
If the bill is incorrect, this could be a cause of fraud or a simple calculating error. The same could apply for you wanting more information - the supplier should be able to provide you information about it.
