Hambly Corp

question 2

Essay

Hambly Corp. owned 80% of the voting common stock of Stroban Co. During 2021, Stroban sold a parcel of land to Hambly. The land had a book value of $82,000 and was sold to Hambly for $145,000. Stroban's reported net income for 2021 was $119,000.Required:Assuming there are no other intra-entity transactions nor excess amortizations, what was the net income attributable to the noncontrolling interest of Stroban?

Understand the factors that lead to intergroup conflict and strategies for its resolution.

Comprehend the principles of social cohesion and the factors influencing it.

Analyze the role and function of group norms within social and organizational settings.

Understand the factors that can increase or decrease group conformity.