Compute the Noncontrolling Interest in Demers at December 31, 2019

question 46

Multiple Choice

Compute the noncontrolling interest in Demers at December 31, 2019.

• A) $135,600.
• B) $ 80,000.
• C) $117,000.
• D) $100,000.
• E) $110,600.

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Definitions:

Deeds

Legal documents that transfer ownership of real estate from one party to another and include information like the legal description of the property and the names of the buyer and seller.

Restrictive Covenant

A clause in a contract that limits certain actions of the parties involved, often used in employment contracts and real estate agreements to restrict competition or the use of property.

Specific Performance

A legal remedy in contract disputes requiring the party who breached the contract to perform their obligations as originally agreed, instead of simply paying damages.

Adverse Possession

A legal principle allowing a person to claim ownership of land or property through continuous occupation over a certain period without the permission of the original owner.