Question: Recteld Compary reports current eanings of $496,000 while dectaring $32,000 in cash dividends. Snedeker Company earns $12,000 in net income and dectares $8,000 in dividends.

 Recteld Compary reports current eanings of $496,000 while dectaring $32,000 in

Recteld Compary reports current eanings of $496,000 while dectaring $32,000 in cash dividends. Snedeker Company earns $12,000 in net income and dectares $8,000 in dividends. Redfield has held a these shares: On January 1 of the current yeat, Snedeket acquired in the open market $50,800 of Redfelds 8 percent bonds. The bonds had originaly been issued several years ago at 92 , refiecting a 10 percent effective interest rate. On the date of purchase, the carrying amount of the bonds potyable was 549,000 . 5nedeker paid 547,200 based on a 12 peicent effective interest (ate over me remaining afe of the bonds. What is the noncontrolling interest's share of consoldated net income? Which Oroice 56,300 533.900. 534,440 536840

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