College Homework Help, Statistics Homework Help, Finance Homework Help
August 27, 2011 at 4:35 am #16
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I like assignmenthelp.netSeptember 3, 2011 at 3:53 am #10525
In years subsequent to the year a 90% owned subsidary sell equipment to its parent company at a gain, the noncontrolling interest in consolidated income is computed by multipying the noncontrolling interest percentage by the subsdiary’s reported net income.
my answer is
plus intercompany gain considered realized in the current period
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