Question
Hambly Corp. owned 80% of the voting common stock of Stroban Co. During 2015, Stroban sold a parcel of land to Hambly. The land had
Hambly Corp. owned 80% of the voting common stock of Stroban Co. During 2015, Stroban sold a parcel of land to Hambly. The land had a book value of $82,000 and was sold to Hambly for $145,000. Stroban's reported net income for 2015 was $119,000. What is the non-controlling interests's share of Stroban Co.'s net income?
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Sidney Davidson, Roman L. Weil, Clyde P. Stickney
2nd Edition
0030452961, 978-0030452963
