Question
Assume the following facts relating to an 80% owned subsidiary company: BOY Stockholders' Equity $1,000,000 BOY unamortized AAP 125,000 Net income of subsidiary (not including
Assume the following facts relating to an 80% owned subsidiary company:
| BOY Stockholders' Equity | $1,000,000 |
| BOY unamortized AAP | 125,000 |
| Net income of subsidiary (not including AAP amortization) | 210,000 |
| AAP amortization expense | 40,000 |
| Dividends declared and paid to noncontrolling shareholders | 10,000 |
What is the net income attributable to noncontrolling interests for the year?
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes
6th Edition
1118988493, 978-1118988497
