What Would Be the Balance in the Non-Controlling Interest Account

question 6

Multiple Choice

What would be the balance in the non-controlling interest account on the date of acquisition?

• A) $266,667.
• B) $397,000.
• C) $400,000.
• D)$403,000.

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Definitions:

Injunction

A legal order issued by a court that compels a party to do or refrain from specific acts.

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A formal process before a court of law involving the adjudication of legal claims or disputes.

Contract

An agreement that can be enforced in court; formed by two or more parties, each of whom agrees to perform or to refrain from performing some act now or in the future.

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A law enacted by the national government of a country.