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north Corporation, an 75%-owned subsidiary of South Corporation, sold inventory items to its parent at a $60,000 profit in 2019. South resold one-third of this
north Corporation, an 75%-owned subsidiary of South Corporation, sold inventory items to its parent at a $60,000
profit in 2019. South resold one-third of this inventory to outside entities. North reported net income of $250,000
for 2019. Noncontrolling interest share of consolidated net income that will appear in the income statement for 2019 is
A)$52,500.B)$52,00
C)$33,600.D) $50,000.
A.$52,500
B.$52,00
C.$33,600
D.$50,000
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