A parent sells land to its 80%-owned subsidiary at a gain of $100,000. The following...
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Accounting
A parent sells land to its 80%-owned subsidiary at a gain of $100,000. The following year, the subsidiary sells the land to an outside entity for a gain of $10,000. How is the noncontrolling interest in net income affected in the year the subsidiary sells the land?
a. Increase of $20,000
b. Decrease of $22,000
c. Decrease of $2,000
d. No effect
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