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Question 3 (3 points) P Company owns 80% of Company and 40% of R Company. S Company also owns 30% of R Company. Separate operating
Question 3 (3 points) P Company owns 80% of Company and 40% of R Company. S Company also owns 30% of R Company. Separate operating incomes for 2013 of P, S, and R are $450,000, $300,000, and $250,000, respectively. Each company also retains a $20,000 unrealized gain in their current income figures. Annual amortization expense of $15,000 is assigned to P's investment in S and another $15,000 is assigned to S' investment in R. Compute the non-controlling interest in R' net income for 2013 $64,500 $75,000 O 877,400 $92,000 $69,000
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