Question
In the consolidated income statement of Wattlebird Corporation and its 90% owned Forest subsidiary, the noncontrolling interest share was reported at $45,000. Assume the book
In the consolidated income statement of Wattlebird Corporation and its 90% owned Forest subsidiary, the noncontrolling interest share was reported at $45,000. Assume the book value and fair value of Forests net assets were equal at the acquisition date.
What amount of net income did Forest have for the year: A. $52, 941 B. $38,250 C. $450,000 D. $300,000
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Nessus Network Auditing
Authors: Russ Rogers
2nd Edition
1597492086, 978-1597492089
