Distinguish between the non-controlling, or minority, interest in net income and the non- controlling, or minority, interest
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
The noncontrolling interest in net income is an income statement account that ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
Question Posted:
Students also viewed these Accounting questions
-
Distinguish between the noncontrolling, or minority, interest in net income of a consolidated subsidiary and the noncontrolling, or minority, interest in net assets of a consolidated subsidiary.
-
If ABC Company earned $ 280,000 in net income and paid cash dividends of $ 40,000, what are ABCs earnings per share if it has 80,000 shares outstanding?
-
Distinguish between minority investments in other companies and the non-controlling, or minority, interest in a consolidated subsidiary.
-
(a) An n n matrix K is the encryption matrix for the Hill cipher. Give the encryption formula. (b) The plaintext is (2, 5, 1,0). Encrypt it (show your work and the ciphertext) using the Hill cipher...
-
What does a firm's cash cycle tell us?
-
In some hotels, the position of revenue manager reports to the DOSM, whereas in others it reports to the FOM. Why do you think this is so? As a GM, how would these two alternative arrangements affect...
-
What are the principal differences between the audit of plant assets and current assets?
-
Maggie Moylan Motorcycle Corp. uses kambans to support its transmission assembly line. Determine the size of the kanban for the mainshaft assembly and the number of kanbans needed. Setup cost = $20...
-
Calculate the minimum number of lines needed in a grating that will resolve a doublet of 483.8 and 484.6 nm in the second-order spectrum.
-
A private warehouse has an annual throughput of 10,000 items and an average materials handling cost per item of $0.01/ft. The warehouse size is to be 100,000 sq. ft. Annual construction and...
-
The investment in Subsidiary account is an asset. Why must an investor eliminate this account when preparing consolidated financial statements with the subsidiary?
-
Does accounting for an investment in a joint venture using (1) the equity method or (2) proportionate consolidation reflect better the nature of the relation between each joint owner and the joint...
-
Explain the writing fault in the following sentence and how to remedy it. To meet the deadline, your Excel figures must be received before May 1.
-
In Problems 25-40, decide on a reasonable means for conducting the survey to obtain the desired information. A newsstand wishes to use a survey to determine which out-oftown newspapers it should...
-
Find the regression line for the data points in Problems 31-38. X y 4-3 9 -2
-
Cal Trans wants to use a survey to determine the extent of public approval for a project to construct a new freeway through a particular neighborhood. Which of the following procedures would be most...
-
Suppose a host has a 1-MB file that is to be sent to another host. The file takes 1 second of CPU time to compress 50%, or 2 seconds to compress 60%. (a) Calculate the bandwidth at which each...
-
Roll a pair of dice 36 times, and draw a bar graph of the outcomes. a. Find the mean, the variance, and the standard deviation for this model. b. Repeat the experiment. c. Compare the results of...
-
What is beta in the one-factor market model? How is it measured? Why is it important?
-
What is a lobbyist in US? How did this term emerge?
-
Use Separation of Variables to find the general solution. (1 + x 2 )y'= x 3 y
-
Bob Jacobs opened an advertising agency. The following transactions occurred during January of the current year. Classify each transaction as an operating, an investing, or a financing activity. (a)...
-
Prepare a statement of cash flows based on the transactions reported in Exercise 6Apx-1B. Bob Jacobs opened an advertising agency. The following transactions occurred during January of the current...
-
Bob Night opened "The General's Favorite Fishing Hole." The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season. Guests...
-
Discuss the following: How you are an ethical person, and how your ethics informs your leadership in the early childhood field? How your ethics have guided you in the past in the field, or how you...
-
https://youtu.be/-D2pIBKeHd4 1) List 4 characteristics of a good leader. Please give a specific example for each. 2) What stood out about Mr. Behar's comments and explain why. 3) Give an example of a...
-
1. The PREA survey focuses on three areas: financial performance, productivity and management practices. This survey seems to focus on improving operations from a management perspective. If you could...
Study smarter with the SolutionInn App