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On January 1, 2021, Rhodes Co

question 16

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On January 1, 2021, Rhodes Co. owned 75% of the common stock of Brock Co. On that date, Brock's stockholders' equity accounts had the following balances: On January 1, 2021, Rhodes Co. owned 75% of the common stock of Brock Co. On that date, Brock's stockholders' equity accounts had the following balances:   The balance in Rhodes's Investment in Brock Co. account was $570,000, and the noncontrolling interest was $190,000. On January 1, 2021, Brock Co. sold 10,000 shares of previously unissued common stock for $12 per share. Rhodes did not acquire any of these shares.What amount should be attributed to the Noncontrolling Interest in Brock Co. following the sale of the 10,000 shares of common stock? A)  $190,000. B)  $220,000. C)  $310,000. D)  $330,000. E)  $550,000. The balance in Rhodes's Investment in Brock Co. account was $570,000, and the noncontrolling interest was $190,000. On January 1, 2021, Brock Co. sold 10,000 shares of previously unissued common stock for $12 per share. Rhodes did not acquire any of these shares.What amount should be attributed to the Noncontrolling Interest in Brock Co. following the sale of the 10,000 shares of common stock?


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Manufacturing Firm

A business entity that produces goods using raw materials and machinery in a systematic process.

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A scientist who studies how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

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Racial prejudice involves preconceived negative judgments or attitudes towards individuals based on their race, often leading to discrimination.

Behavior

The actions or reactions of an object or organism, often in relation to the environment.

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