Compute the Noncontrolling Interest in the Net Income of Demers

question 14

Multiple Choice

Compute the noncontrolling interest in the net income of Demers at December 31, 2021.

• A) $20,400.
• B) $26,000.
• C) $24,600.
• D) $14,000.
• E) $12,600.

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Definitions:

Least Squares Regression Line

A linear line that optimally aligns with the scatter plot data points by minimizing the total of the squared vertical deviations from the line.

Predicted Value Of Y

The value estimated based on a regression line for a given X value in the context of linear regression.

Simple Linear Regression Model

A statistical method that models the relationship between a dependent variable and one independent variable by fitting a linear equation to observed data.

Slope

In mathematics, the measure of the steepness, incline, or grade of a straight line, calculated as the ratio of vertical change to horizontal change between two points on the line.