Norek Corp

question 84

Multiple Choice

Norek Corp. owned 70% of the voting common stock of Thelma Co. On January 2, 2012, Thelma sold a parcel of land to Norek. The land had a book value of $32,000 and was sold to Norek for $45,000. Thelma's reported net income for 2012 was $119,000. What is the non-controlling interest's share of Thelma's net income?

• A) $35,700.
• B) $31,800.
• C) $39,600.
• D) $22,200.
• E) $26,100.

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Definitions:

Alcohol Abuse

The problematic consumption of alcohol that leads to significant impairment or distress, characterized by drinking in dangerous situations or amounts that can lead to health issues or personal problems.

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