Question: bus chpt 1 answers : Chapter 5 E5 6 Problem 5-8 (Algo) (LO 5-3,5-4,5-5) Angela, Inc., holds a 90 percent interest in Corby Company. During

 bus chpt 1 answers : Chapter 5 E5 6 Problem 5-8

bus chpt 1 answers : Chapter 5 E5 6 Problem 5-8 (Algo) (LO 5-3,5-4,5-5) Angela, Inc., holds a 90 percent interest in Corby Company. During 2020, Corby sold inventory costing $48.000 to Argela ter 585.000 inventory, $55,200 worth was not sold to outsiders until 2021. During 2021, Corby sold inventory costing $144.200 1o Argele ter $200.000. A tots el $69,800 of this inventory was not sold to outsiders until 2022. In 2021 Angela reported separate net income of $175.000 hile Cotys set income $92,500 after excess amortizations. What is the noncontrolling interest in the 2021 income of the subsidiary? 01:57:16 Multiple Choice $8.260. $9.250 $10,710 4of7 Next > Prey $8,958 MacBook Air

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