On January 1,20X8,Potter Corporation acquired 90 percent of Shoemaker Company's voting stock,at underlying book value.The fair value of the noncontrolling interest was equal to 10 percent of the book value of Shoemaker at that date.Potter uses the fully adjusted equity method in accounting for its ownership of Shoemaker.On December 31,20X9,the trial balances of the two companies are as follows:
-Based on the preceding information,what amount would be reported as income to controlling interest in the consolidated financial statements for 20X9?
Definitions:
Culture on Behavior
Culture on Behavior examines how the shared values, norms, and practices within a culture influence the behaviors of its members.
Dysfunctional Conflict
A disagreement or conflict that leads to negative outcomes, hindering organizational performance and goals.
Group Cohesion
Group cohesion refers to the bonds that hold group members together, affecting their willingness to cooperate and their sense of unity.
Formal Lines
Predefined and structured patterns of interaction or behavior typically observed in organizational settings.
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