Compute the Noncontrolling Interest in the Net Income of Demers

question 74

Multiple Choice

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

• A) $20,000.
• B) $12,000.
• C) $18,600.
• D) $10,600.
• E) $14,400.

---

Definitions:

Compounded Monthly

An interest calculation method where the interest earned each month is added to the principal, becoming the base for calculating future interest.

Obscenity

Material or content that depicts sexual conduct in a manner considered offensive by community standards and lacking serious artistic, political, or scientific value.

Supreme Court

The highest judicial court in a country or state, often having the ultimate authority in constitutional matters and significant legal cases.

Civil Liberties

Personal freedoms safeguarded legally against unfair intrusions by the government or others.