What Is the Noncontrolling Interest's Share of the Subsidiary's Net

question 51

Multiple Choice

What is the noncontrolling interest's share of the subsidiary's net income for the year ended December 31, 2020 and what is the ending balance of the noncontrolling interest in the subsidiary at December 31, 2020?

• A) $56,000 and $280,000.
• B) $50,400 and $218,400.
• C) $56,000 and $224,000.
• D) $56,000 and $336,000.
• E) $50,400 and $330,400.

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Definitions:

Held-To-Maturity Securities

Held-to-maturity securities are financial assets purchased with the intent and ability to hold them until a specified maturity date, typically including certain kinds of bonds.

Fair Market Value

An estimate of the market value of a property, assuming that both buyer and seller are knowledgeable, willing, and under no pressure to transact.

Interest Revenue

Income earned from lending money or depositing funds into interest-bearing accounts.

Unrealized Gain

A profit that exists on paper resulting from an investment that has not yet been sold for cash.