6. Shin Corporation sold equipment with a four-year remaining useful life and a book value of $36,000
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6. Shin Corporation sold equipment with a four-year remaining useful life and a book value of $36,000 to its parent company, Fajar Corporation, which owned 90 percent in Shin Corporation, for $40,000 on January 1, 2014. If Shin reports net income of $500,000 in 2016, what is the amount of noncontrolling interest share at December 31, 2016?
a $50,000 b $51,000 c $50,100 d None of the above
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Related Book For
Advanced Accounting
ISBN: 9781292214597
13th Global Edition
Authors: Joseph H. Anthony, Bruce Bettinghaus, Floyd A. Beams, Kenneth Smith
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