Answered step by step
Verified Expert Solution
Question
1 Approved Answer
P company owns 90% of company. Dunng 2019, S company sold equipment (remaining lite 3 years) to P company for 60000 JD and recorded a
P company owns 90% of company. Dunng 2019, S company sold equipment (remaining lite 3 years) to P company for 60000 JD and recorded a gain of 10000 JD. On 1/1/2020, NCI balance is 122000, and during the year 2020, S company net income is 100000 JD and did not report dividends Compute NCI balance on 31/12/2020. (Note arginal depreciation is 15000 JD before sale of equipment) Select one: a. 130000 b. 12000 C134000 d. 136000 P company owns 90% of company. Dunng 2019, S company sold equipment (remaining lite 3 years) to P company for 60000 JD and recorded a gain of 10000 JD. On 1/1/2020, NCI balance is 122000, and during the year 2020, S company net income is 100000 JD and did not report dividends Compute NCI balance on 31/12/2020. (Note arginal depreciation is 15000 JD before sale of equipment) Select one: a. 130000 b. 12000 C134000 d. 136000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started