Question
Gucci Company, a 80% owned subsidiary of Dolce Corporation, sells inventory to Dolce at a 25% profit on selling price. The following data are available
Gucci Company, a 80% owned subsidiary of Dolce Corporation, sells inventory to Dolce at a 25% profit on selling price. The following data are available pertaining to intra-entity inventory purchases. Gucci was acquired on January 1, 2010.
|
| 2010 | 2011 | 2012 |
| Purchases by Dolce | 8,000 | 12,000 | 15,000 |
| Ending Inventory on dolce books | 1,200 | 4,000 | 3,000 |
Assume the equity method is used. The following data are available pertaining to Gucci's income and dividends.
|
| 2010 | 2011 | 2012 |
| GUccis net income | 70,000 | 85,000 | 94,000 |
| Dividends paid by Gucci | 10,000 | 10,000 | 15,000 |
Compute the non-controlling interest in Gucci's net income for 2012.
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Nmap Network Exploration And Security Auditing Cookbook
Authors: Paulino Calderon
2nd Revised Edition
1786467453, 978-1786467454
