Questions by yweimann - Page 36
angela, inc., holds a 90 percent interest in corby company. during 2020, corby sold inventory costing $123,500 to angela for $190,000. of this inventory, $45,800 worth was not sold to outsiders until 2021. during 2021, corby sold inventory costing $102,300 to angela for $186,000. a total of $57,000 of this inventory was not sold to outsiders until 2022. in 2021, angela reported separate net income of $182,000 while corby's net income was $103,500 after excess amortizations. what is the noncontrolling interest in the 2021 income of the subsidiary?