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Peabody Company owns 9 0 % of the outstanding capital stock of Sloane Company. During 2 0 1 4 and 2 0 1 5 Sloane
Peabody Company owns of the outstanding capital stock of Sloane Company. During and Sloane Company sold merchandise to Peabody Company at a markup of of selling price. The selling price of the merchandise sold during the two years was $ and $ respectively. At the end of each year, Peabody Company had in its inventory onefourth of the goods purchased that year from Sloane Company. Sloane Company reported net income of $ in and $ in Determine the amount of the noncontrolling interest in consolidated income to be reported for and Round answers to decimal places, eg Help needed with calculating please!
Peabody Company owns of the outstanding capital stock of Sloane Company. During and Sloane Company sold
merchandise to Peabody Company at a markup of of selling price. The selling price of the merchandise sold during the two years
was $ and $ respectively. At the end of each year, Peabody Company had in its inventory onefourth of the goods
purchased that year from Sloane Company. Sloane Company reported net income of $ in and $ in
Determine the amount of the noncontrolling interest in consolidated income to be reported for and Round answers to
decimal places, eg
Help needed with calculating please!
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