Stevens owns 60% of David. In 2012, Stevens has a net income of $80,000 and David has a net income of $60,000. There is also $4,000 of annual excess amortization associated with David's acquisition date equipment plus David had a $3,000 gain on an intercompany sale of land to Stevens. Finally, Stevens had a $5,000 gain on an intercompany sale of land to David.

How much is the noncontrolling interest in subsidiary net income?

Answer rating: 100% (QA)

To calculate the noncontrolling interest NCI in subsidiary net income well consider the ownership pe... View the full answer