Computing the noncontrolling interests equity balance Assume the following facts relating to an 90% owned subsidiary company:   BOY stockholders’ equity $900,000 BOY AAP assets 117,000 Net income of subsidiary (not including [A] asset depreciation and amortization) 216,000 AAP assets depreciation and amortization expense 36,000 Dividends declared and paid by subsidiary 18,000   b. Compute the amount reported as noncontrolling equity at the end of the year. $Answer

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Computing the noncontrolling interests equity balance

Assume the following facts relating to an 90% owned subsidiary company:

 

BOY stockholders’ equity $900,000
BOY AAP assets 117,000
Net income of subsidiary (not including [A] asset depreciation and amortization) 216,000
AAP assets depreciation and amortization expense 36,000
Dividends declared and paid by subsidiary 18,000
 

b. Compute the amount reported as noncontrolling equity at the end of the year.

$Answer

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