Answer:
net income attributable to the non controlling interest is $40800
Explanation:
Given data
Race sold = $450000
cost = $330000
owned = 15%
net income = $204000
Race net income = $806000
to find out
net income attributable to the non controlling interest
solution
we find the non controlling interest
so we apply formula for non controlling interest that is
non controlling interest of income = net income × (100% - 80%)
put here value of net income
non controlling interest of income = net income × (20%)
non controlling interest of income = 204000 × (20%)
non controlling interest of income = 40800
so net income attributable to the non controlling interest is $40800
Answer:
-$264,000
Explanation:
The net cash flows from investing activities for the year is presented below
Cash flow from investing activities
Purchase of equipment -$260,000
Proceeds from the sale of equipment $87,000
Purchase of land -$91,000
Net cash flow used by investing activities -$264,000
The purchase is a cash outflow so it would be shown in a minus sign whereas sales is a cash inflow so it would be added
Answer:
Vehicle registration
Explanation:
Vehicle registration reoccurs annually, the other costs are one time.