User Account

All Pages

What is the non-controlling interest share of net income

Assignment Help Accounting Basics
Reference no: EM131773092

Question - Norek Corp. owned 70% of the voting common stock of Thelma Co. On January 2, 2009, Thelma sold a parcel of land to Norek. The land had a book value of $32,000 and was sold to Norek for $45,000. Thelma's reported net income for 2009 was $119,000. What is the non-controlling interest's share of Thelma's net income?

A. $35,700

B. $31,800

C. $39,600

D. $22,200

E. $26,100

Reference no: EM131773092

Questions Cloud

Perform a regression analysis for a bivariate polynomial : Using the following measurements y and x, perform a regression analysis for a bivariate polynomial. Use a partial F test with 1% level of significance.
Record the transactions regarding the investment : Prepare the journal entries needed on Pyle Company's books to record the transactions regarding the investment in Stern Company account assuming that the cost
Economic growth and which one limits economic growth : Describe the two basic types of markets and explain which market encourages economic growth and which one limits economic growth.
Differentiate how application of the identified ethics : Differentiate how application of the identified ethics principles to the health issue has resulted in population disparities.
What is the non-controlling interest share of net income : Thelma's reported net income for 2009 was $119,000. What is the non-controlling interest's share of Thelma's net income
Explain the coefficients of determination : For a set of data based on a sample size of 18, the coefficients of determination (R) for linear, quadratic, cubic, and quartic polynomials.
How kraft foods has used rfid technology : What you can find out about how Kraft foods has used RFID technology for fresh food safety and packaging
How to apply vroom expectancy theory : How to Apply Vroom's expectancy theory OR Adam's equity theory to gain further understanding of the Millennial employee's motivation.
Discuss the average issue price per share of stock was : There have been two issues of stock since the corporation began business. The average issue price per share of stock was

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd