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Angela, Inc., holds a 90 percent interest in Corby Company. During 2017, Corby sold inventory costing $126,750 to Angela for $169,000. Of this inventory, $44,200
Angela, Inc., holds a 90 percent interest in Corby Company. During 2017, Corby sold inventory costing $126,750 to Angela for $169,000. Of this inventory, $44,200 worth was not sold to outsiders until 2018. During 2018, Corby sold inventory costing $117,000 to Angela for $180,000. A total of $51,000 of this inventory was not sold to outsiders until 2019. In 2018, Angela reported separate net income of $215,000 while Corby's net income was $106,500 after excess amortizations. What is the noncontrolling interest in the 2018 income of the subsidiary? Multiple Choice 0 $9,970. 0 $11,330. 0 $10,480. 0 $10,650
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