Compute the Noncontrolling Interest in Demers at December 31, 2020

question 29

Multiple Choice

Compute the noncontrolling interest in Demers at December 31, 2020.

• A) $126,000.
• B) $106,000.
• C) $109,200.
• D) $149,600.
• E) $148,200.

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Definitions:

Securities Act of 1933

A U.S. federal law, also known as the "truth in securities" law, which requires that investors receive financial and other significant information concerning securities being offered for public sale.

Qualified Opinions

In the context of auditing, these are statements made by an auditor expressing certain reservations about the financial health or the bookkeeping practices of a firm while generally certifying the financial statements as accurate.

Disclaimers of Opinions

Statements that limit or reject responsibility for the accuracy or completeness of information, often used in legal documents and reports.

Unaudited Financial Statements

Financial reports that have not undergone a formal examination by an independent certified public accountant or auditing firm.