Solution-What was the non-controlling interest in kent net

What was the non-controlling interest in kent net income

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Problem - X-Beams Inc. owned 70% of the voting common stock of Kent Corp. During 2009, Kent made several sales of inventory to X-Beams. The total selling price was $180,000 and the cost was $100,000. At the end of the year, 20% of the goods were still in X-Beams' inventory. Kent's reported net income was $300,000. What was the non-controlling interest in Kent's net income?

a. $90,000

b. $85,200

c. $54,000

d. $94,800

e. $86,640

Reference no: EM131774654

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What was the non-controlling interest in kent net income

Reference no: EM131774654

Reference no: EM131774654

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