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Angela, Inc., holds a 90 percent interest in Corby Company. During 2020, Corby sold inventory costing $84,750 to Angela for $113,000. Of this inventory, $56,400
Angela, Inc., holds a 90 percent interest in Corby Company. During 2020, Corby sold inventory costing $84,750 to Angela for $113,000. Of this inventory, $56,400 worth was not sold to outsiders until 2021. During 2021, Corby sold inventory costing $79,300 to Angela for $122,000. A total of $53,800 of this inventory was not sold to outsiders until 2022. In 2021, Angela reported separate net income of $239,000 while Corby's net income was $121,000 after excess amortizations. What is the noncontrolling interest in the 2021 income of the subsidiary? Multiple Choice $11,840. $12.165. O $12,100. $11,627
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