Question
Faja owns 85% of Child Inc. In the last year, Child sold inventory costing $500,000 to Faja for $600,000. At year-end, Faja had 1/3 of
Faja owns 85% of Child Inc. In the last year, Child sold inventory costing $500,000 to Faja for $600,000. At year-end, Faja had 1/3 of this inventory remaining.
How much will the parent adjust it's investment income from Child at year-end? How much will the NCI income need to be adjusted?
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Excel For Accountants Tips, Tricks & Techniques
Authors: Conrad Carlberg
1st Edition
1932925015, 9781932925012
