high owns 60%of low sold inventory (cost 70,000) to high for 100,000. 40% of this inventory was not sold to third parties by high until 2020. In 2020,low sold inventory (cost 72,000) to high for 120,000 of this inventory , 50,000 was not sold to third parties by high untl 2021.In 2020, low reports70,000 of net income .what is the non controlling interest in 2020 income of Low.
high owns 60%of low sold inventory (cost 70,000) to high for 100,000. 40% of this inventory was not sold to third parties by high until 2020. In 2020,low sold inventory (cost 72,000) to high for 120,000 of this inventory , 50,000 was not sold to third parties by high untl 2021.In 2020, low reports70,000 of net income .what is the non controlling interest in 2020 income of Low.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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high owns 60%of low sold inventory (cost 70,000) to high for 100,000. 40% of this inventory was not sold to third parties by high until 2020. In 2020,low sold inventory (cost 72,000) to high for 120,000 of this inventory , 50,000 was not sold to third parties by high untl 2021.In 2020, low reports70,000 of net income .what is the non controlling interest in 2020 income of Low.
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