On January 10, 2010, parents lend 70% of own subsidiary 5 million at 6% annual interest for two years. Subsidiary pays the accrued interest at the end of each year. Answer the following: assume the subsidiary had no other transactions in 2010. How much is non - controlling interest in subsidiary net income

On January 10, 2010, parents lend 70% of own subsidiary 5 million at 6% annual interest for two years. Subsidiary pays the accrued interest at the end of each year. Answer the following: assume the subsidiary had no other transactions in 2010. How much is non - controlling interest in subsidiary net income

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter21: Partnerships

Section: Chapter Questions

Problem 35P

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