P Company owns 80 of the outstanding stock of 5 Company During 2014, S Company reported net Income of $499,720 and declared no dividends At the end of the year, S Company's inventory Included $472,610 In unrealized profit on purchases from P Company Intercompany sales for 2014 totaled $2,752,900 Calculate the amount of the noncontrolling Interest to be deducted from consolidated Income in arriving at 2014 controlling interest in consolidated net income Noncontrolling Interest in Net Income

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P Company owns 80  of the outstanding stock of 5 Company  During 2014, S Company reported net Income of $499,720 and declared no dividends  At the end of the year, S Company's inventory Included $472,610 In unrealized profit on purchases from P Company  Intercompany sales for 2014 totaled $2,752,900  Calculate the amount of the noncontrolling Interest to be deducted from consolidated Income in arriving at 2014 controlling interest in consolidated net income  Noncontrolling Interest in Net Income

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P Company owns 80% of the outstanding stock of 5 Company. During 2014, S Company reported net

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Intermediate Accounting

P Company owns 80% of the outstanding stock of 5 Company. During 2014, S Company reported net

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Intermediate Accounting

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