Question: In 2 0 2 1 , assuming K - Tech has declared no dividends, what are the noncontrolling interest's share of the subsidiary's income and

2021,

assuming K

-

Tech has declared no dividends, what are the noncontrolling interest's share of the subsidiary's income and the ending balance of the noncontrolling interest in the subsidiary?

.

26, 000

and $

230, 000

.

28, 800

and $

252, 000

.

34, 400

and $

240, 800

.

40, 000

and $

252, 000

In 2 0 2 1 , assuming K - Tech has declared no

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The company BnL Corp. has an internal systems malfunction. This means all trades that BnL Corp. is trading in will fail to settle. With this in mind, calculate the end of day positions at each CSD in...

Pequired information In 2020, K-iech reports $19.000 net income and deciares no dividends. Note: Parentheses indicate a credit balance| hat is the 2021 consolidated net income before allocation to...

On January 1, 2016. Alpha acquired 80 percent of Delta. Of Delta's total business fair value, $192,000 was allocated to copyrights with a 20-year remaining life. Subsequently, on January 1, 2017,...

FROM THE ABOVE ARTICLE, 1. CRITIQUE on the Financial Statement and identify where the financials were misvalued and WHY. 2. Discuss the stock market value. 3. Discuss price earning ratio. 4. Analysis...

On January 1, 20X3, Pope Company acquired 100% of the common stock to Siegel company for $300,000. On this date, Siegel hd total owner's equity of $250,000. any excess of cost over book value is...

Page 3 1 > of 9 ZOOM + Problem 1. You have been hired by Cornell Consolidated Company as a staff accountant. Your first assignment is to produce a statement of cash flows for the company. You have...

On January 1, 2020 McDavid Company (McDavid) acquired a 60% interest in the common stock of Stacey Inc. (Stacey) for $372,000. Stacey's book value on that date consisted of common stock of $100,000...

On January 1, 2020 McDavid Company (McDavid) acquired a 60% interest in the common stock of Stacey Inc. (Stacey) for $372,000. Staceys book value on that date consisted of common stock of $100,000...

question 1 Assume a parent company acquired 80% of the outstanding voting common stock of a subsidiary on January 1, 2018. On the acquisition date, the identifiable net assets of the subsidiary had...

please answer the following questions: E5-2 E5-6 E5-9 E5-13 E5-18 P5-7 Exercises 259 Compute net cash provided by operating activities, the net change in cash during the year, and free cash flow. B B...

a. Assuming Cest directly acquires the shares of Parfum, construct the projected consolidated statement of financial position, the projected consolidated statement of profit or loss, and the...

Vhembe Engineering Ltd is a company based in Thohoyandou. It tenders for various size contracts in most parts of South Africa. It has recently successfully tendered for a Local Authority contract in...

List the major jobs available in the financial industry.

a type of analytical procedure in which auditors use their professional judgement

4 5 7 8 Irish Pub Staffing Total number of servers Revenue @ $600 per server $ 2,400.00 Wages @$96.00 per server $ 384.00 Beverage Cost @ 25% $ 600.00 Revenue remaining after wages and beverage costs...