On January 10, 2010, parents lend 70% of own subsidiary 5 million at 6% annual interest for two years. Subsidiary pays the accrued interest at the end of each year. Answer the following: assume the subsidiary had no other transactions in 2010. How much is non - controlling interest in subsidiary net income
On January 10, 2010, parents lend 70% of own subsidiary 5 million at 6% annual interest for two years. Subsidiary pays the accrued interest at the end of each year. Answer the following: assume the subsidiary had no other transactions in 2010. How much is non - controlling interest in subsidiary net income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On January 10, 2010, parents lend 70% of own subsidiary 5 million at 6% annual interest for two years. Subsidiary pays the accrued interest at the end of each year.
Answer the following: assume the subsidiary had no other transactions in 2010.
How much is non - controlling interest in subsidiary net income
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