Petunia company acquired an 80% interest in shaman company in 2016. in 2017 and 2018, shaman reported net income of $400,000 and $480,000, respectively. during 2017, shaman sold $80,000 of merchandise to petunia for a $20,000 profit. petunia sold the merchandise to outsiders during 2018 for $140,000. for consolidation purposes, what is the noncontrolling interest’s share of shaman's 2017 and 2018 net income?
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Petunia company acquired an 80% interest in shaman company in 2016. in 2017 and 2018, shaman reporte...
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