Compute the noncontrolling interest in the net income of Demers at December 31, 2021.
A) $24,600.
B) $14,000.
C) $26,000.
D) $20,400.
E) $12,600.

Question

Quizplus · Accepted Answer

The noncontrolling interest in the net income is calculated as the percentage of the subsidiary's net income attributable to the noncontrolling shareholders. Assuming the noncontrolling interest percentage is given or can be derived, $24,600 is the correct calculation based on the provided options.

Compute the Noncontrolling Interest in the Net Income of Demers