Business, 29.02.2020 05:59 Jasten

1. An 80%-owned subsidiary sells land to its parent at a gain of $100,000. The following year, the parent sells the land to an outside entity for a gain of $10,000. How is the noncontrolling interest in net income affected in the year the parent sells the land? A. Increase of $20,000 B. No effect C. Decrease of $22,000 D. Decrease of $2,000

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1. An 80%-owned subsidiary sells land to its parent at a gain of $100,000. The following year, the p...