Hand owns 90% of Finger. In 2017, Finger sold inventory (cost $70,000 )to Hand for $100,000. 40%
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Hand owns 90% of Finger. In 2017, Finger sold inventory (cost $70,000 )to Hand for $100,000. 40% of this inventory was not sold to third parties by Hand until 2018. In 2018, Finger sold inventory (cost $72,000) to Hand for $120,000. Of this inventory, $50,000 was not sold to third parties by Hand until 2019. In 2018, Finger reports $80,000 of net income. What is the noncontrolling interest in 2018 income of Finger?
Related Book For
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
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