P Corporation paid $140,000 for a 70% interest in S Inc. on January 1, 2014, when Shad Capital Stock of $50,000 and Retained Earnings of $100,000. Fair values of net assets were the same as recorded book values. During 2014, S had income of $40,000, declared dividends of $15,000, On December 31, 2014, the consolidated financial statements will show income for Non controlling interest for 2014? n Select one: a. 12,000 b. 28,000 c. 40,000 d. 10,500 Previous page Next page