Based on the Information for Questions 25-30 (Parts 1 and 2)…
Based on the Information for Questions 25-30 (Parts 1 and 2), what is the amount in Cell 6: Controlling Interest in net income? For your answers: Round your answer to the nearest dollar. Enter your answer as a number with no decimal places and no dollar ($) sign. You may enter the number with or without the comma separator (e.g., 28,374 or 28374). For partial credit: After stating your answer, show how you arrived at your answer. (e.g., 13,000 [= 7,000 from ” ” + 6,000 from ” “]) Include any explanations or logic used to arrive at your answer.
Read DetailsBased on the Information for Questions 23 and 24, in the Dec…
Based on the Information for Questions 23 and 24, in the December 31, 20×4 (1 year after acquisition) consolidated balance sheet, what should the amount of noncontrolling interest (NCI in NA) be? (Hint: 20% of ending balance of Shaw’s book value net assets + 20% of ending balance of differential: *Ending book value of net asset = Beginning net asset + S’s net income – S’s dividend) For your answers: Round your answer to the nearest dollar. Enter your answer as a number with no decimal places and no dollar ($) sign. You may enter the number with or without the comma separator (e.g., 28,374 or 28374). For partial credit: After stating your answer, show how you arrived at your answer. (e.g., 13,000 [= 7,000 from ” ” + 6,000 from ” “]) Include any explanations or logic used to arrive at your answer.
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