Answer:
Noncontrolling interest's share of the earnings = $132,000
Explanation:
Missing information;
Share of Femur Co. acquired = 70%
Amount of amortization of fair value in 2020 = $60,000
Revenues in 2020 = $2,500,000
Expenses in 2020 = $2,000,000
Find:
Noncontrolling interest's share of the earnings
Computation:
Noncontrolling interest's share of the earnings = [$2,500,000 - $2,000,000 - $60,000][1-70%]
Noncontrolling interest's share of the earnings = [440,000][0.3]
Noncontrolling interest's share of the earnings = $132,000
