Parent Company purchased a controlling interest in the stock of Subsidiary Company on 1/1/x1. Book values...

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Parent Company purchased a controlling interest in the stock of Subsidiary Company on 1/1/x1. Book values and fair value of the net assets of the subsidiary were equal on that date. The following information applies to the Parent and Subsidiary companies and their consolidation as of December 31, 20X2. Consolidated Net Income $20,735 Controlling Interest Net Income $12,054 S's Net Income $48,414 What percentage of Subsidiary's stock does Parent own? Round your answer to two decimal places and then enter your answer as a whole number. Example: If your answer is .181818, round to 18 percent. Enter answer as "18". Do not enter .18 or 18%. Parent Company purchased a controlling interest in the stock of Subsidiary Company on 1/1/x1. Book values and fair value of the net assets of the subsidiary were equal on that date. The following information applies to the Parent and Subsidiary companies and their consolidation as of December 31, 20X2. Consolidated Net Income $20,735 Controlling Interest Net Income $12,054 S's Net Income $48,414 What percentage of Subsidiary's stock does Parent own? Round your answer to two decimal places and then enter your answer as a whole number. Example: If your answer is .181818, round to 18 percent. Enter answer as "18". Do not enter .18 or 18%.

Answer rating: 100% (QA)

12054 Controlling interest net in... View the full answer