Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

P company owns 85% of S company. On 1/1 NCI balance is 50000 JD, company S reports net income 46000 JD and declared dividends 10000

image text in transcribed

P company owns 85% of S company. On 1/1 NCI balance is 50000 JD, company S reports net income 46000 JD and declared dividends 10000 JD. Compute NCI balance on 31/12. Select one: a. 55400 b. 55500 C. 55700 d. 55850

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

From Zero To Zen Secret Keys To Nurturing Your Numbers And Finding Financial Flow

Authors: Liz Lajoie

1st Edition

1683507045, 978-1683507048

More Books

Students also viewed these Accounting questions

Question

=+ Are there additional forms of employee representation?

Answered: 1 week ago