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Angela, Inc., holds a 90 percent interest in Corby Company. During 2017, Corby sold inventory costing...

Angela, Inc., holds a 90 percent interest in Corby Company. During 2017, Corby sold inventory costing $155,250 to Angela for $207,000. Of this inventory, $44,400 worth was not sold to outsiders until 2018. During 2018, Corby sold inventory costing $94,250 to Angela for $145,000. A total of $59,200 of this inventory was not sold to outsiders until 2019. In 2018, Angela reported separate net income of $247,000 while Corby's net income was $94,000 after excess amortizations. What is the noncontrolling interest in the 2018 income of the subsidiary?

Multiple Choice

  • $8,438.

  • $9,400.

  • $9,030.

  • $10,880.

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