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Please do not copy paste from other answers. I am posting again to confirm answer. Question 1 0/12 pts 3 18 Details Parent Company owns
Please do not copy paste from other answers. I am posting again to confirm answer.
Question 1 0/12 pts 3 18 Details Parent Company owns 80% of the outstanding stock of Sub Company. During 2021, Sub Company reported net income of 664000 and declared no dividends. At the end of the year, Sub Company's inventory included 113000 in unrealized profit on purchases from Parent Company. Intercompany sales for 2021 totaled 872000. 4 The amount of the noncontrolling interest to be deducted from consolidated income in arriving at 2021 controlling interest in consolidated net income is
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