Rojas Co owned 7,000 shares (70 ) of the outstanding 10 , $100 par preferred stock and 60 of the outstanding common stock of Brett Co When Brett reported net income of $780,000, what was the noncontrolling interest in the subsidiary 's income A $234,000 B $273,000 C $302,000 D $312,000 E $284,000 ...

E 284000 Computation of the non contro ...

Rojas Co. owned 7,000 shares (70%) of the outstanding 10%, $100 par preferred stock and 60% of

Question:

Rojas Co. owned 7,000 shares (70%) of the outstanding 10%, $100 par preferred stock and 60% of the outstanding of Brett Co. When Brett reported net income of $780,000, what was the noncontrolling interest in the subsidiary's income?
A. $234,000.B. $273,000.C. $302,000.D. $312,000.E. $284,000.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...