question archive X company (the 90%-owned subsidiary sold merchandise to Y Company the subsidiary ng price of $40,000, the cost of goods sold was $60,000 in 2016
X company (the 90%-owned subsidiary sold merchandise to Y Company the subsidiary ng price of $40,000, the cost of goods sold was $60,000 in 2016
Subject:BusinessPrice: Bought3
X company (the 90%-owned subsidiary sold merchandise to Y Company the subsidiary ng price of $40,000, the cost of goods sold was $60,000 in 2016. Y Company sold the merchandise at 570.000. Met income for Company for 2015 and 2016 respectively: $120.000 $140,000. There is no dividend Instructions 1. Calculate the Parent company from the subsidiary's net income? (4 points) 2. Calculate the Minority interest from the subsidiary's net income? (2 Point) 3. Prepare the working paper in Journal entries format for 2015 and 2016? (4 points) 02:19:13 Essay Toolbar navigation 2 III > BIY S
