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Hambly Corp. owned 80% of the voting common stock of Stroban Co. During 2013, Stroban sold a parcel of land to Hambly. The land had a book value of $82,000 and was sold to Hambly for $145,000. Stroban's reported net income for 2013 was $119,000.
Required:
What was the non-controlling interest's share of Stroban Co.'s net income?
Predicted
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Motivations are the underlying forces, desires, or needs that drive individuals to act in certain ways and pursue goals.
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Objectives or outcomes that an individual or organization is trying to achieve.
Situationism
The belief, held by some psychologists, that behavior is primarily determined by the immediate situation and that personality traits are not very important.
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