Snoopy Corporation, a 60% owned subsidiary of Praline Corp, made $8,000 profit on land it sold...
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Snoopy Corporation, a 60% owned subsidiary of Praline Corp, made $8,000 profit on land it sold to its parent on June 30, 2014. Praline resold the land in 20X5 at its cost from Snoopy. Praline's separate income (excludes investment income from Snoopy) was $40,000 in 2014 and $30,000 in 2015. Snoopy's Net income was $24,000 in 2014 and $18,000 in 2015. Q1-Praline's controlling share of net income for 2014 is: Q2-Praline's controlling share of net income for 2015 is: Q3-Noncontrolling interest share for 2014 is: Q4-Noncontrolling interest share for 2015 in: Snoopy Corporation, a 60% owned subsidiary of Praline Corp, made $8,000 profit on land it sold to its parent on June 30, 2014. Praline resold the land in 20X5 at its cost from Snoopy. Praline's separate income (excludes investment income from Snoopy) was $40,000 in 2014 and $30,000 in 2015. Snoopy's Net income was $24,000 in 2014 and $18,000 in 2015. Q1-Praline's controlling share of net income for 2014 is: Q2-Praline's controlling share of net income for 2015 is: Q3-Noncontrolling interest share for 2014 is: Q4-Noncontrolling interest share for 2015 in:
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Related Book For
International Financial Reporting and Analysis
ISBN: 978-1408075012
5th edition
Authors: David Alexander, Anne Britton, Ann Jorissen
Posted Date:
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