Rojas co. owned 7000 shares 70 of the outstanding 10 100, Ask an Expert

Accounting

Rojas Co. owned 7,000 shares (70%) of the outstanding 10%, $100 par preferred stock and 60% of the outstanding common stock of Brett Co. When Brett reported net income of $780,000, what was the noncontrolling interest in the subsidiary's income?

A. $234,000.

B. $273,000.

C. $302,000.

D. $312,000.

E. $284,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948265

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