$400,000 QUESTION 20 Xing Corporation awna 80 percent of the voting common shares of Adams Corporation. Noncontrolling interest in the net income was reported 324,060 in the 20x9 consolidated Income statement. What amount of net income did Adams Corporation earn during the year? $95.000 $150.000 $120.000 $30,000 QUESTION 21 Company purchased 40% stock in Company Son Jan 1, 20x1 for $200,000. 20x1 is also the first year of operations of Company S. The net rcome of Company S and the dividend paid by it in the year 20X1 is $80,000 and $100,000 respectively. Under the Cost method, the balance in the investment account of Pat the end of the year 20X1 will be 3192,000 $232.000 Odd Submit ose and suit. Click Save All Answers to see all answers Save Alone