Parent owns 70% of Subsidiary Bob. Last year, Subsidiary Bob sold inventory costing 90,000 for...
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Accounting
Parent owns 70% of Subsidiary Bob. Last year, Subsidiary Bob sold inventory costing 90,000 for 25% above cost to Parent. At year-end, half the inventory remained unsold.
How much will the year-end adjustment to NCI income related to the ending inventory?
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