Non-controlling interest Assignment | College Homework Help

Second question: (B) recorded the following journal entry during 2018 : Receivable (A) 35000 Accumulated depreciation 15000 Car 40000 Gain of selling car 10000 (A) and (B) reported the following operational income JD50000 and JD30000. The useful life of the car is 5 years. If (A) owns 80% of (B) : 1. (A’s) net income will be ………………( full equity ) 2. Non-controlling interest share will be……. ( partial equity) 3. The realized gain per year ……….( full equity)