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Which one of the below best describes a "noncontrolling interest' - Stocks, et al? A....

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Accounting

  1. Which one of the below best describes a "noncontrolling interest' - Stocks, et al?

A. The portion of a subsidiarys net assets not owned by the parent-company.

B. Amounts distributed to investors that own less than a controlling interest.

C. A component of debt representing amounts owed to a subset of investors.

D. An amount equal to investor contributions less dividends distributed.

2. Energy Electric reported net income after tax in 2021 totaling $96,000. Depreciation expense on the financial books for the year was $22,000. Between 1/1/2021 and 12/31/2021 we noted the following balance changes -

Accounts receivable decreased by $2,300,

Inventory increased by $4,500,

Dividends paid totaled $10,000,

Accounts payable to customers decreased by $5,000, and

Sales taxes payable (self assessed by the company) to various state tax authorities increased by $7,000.

How much is the companys cash flow from operations?

A. $127,800

B. $95,800

C. $118,200

D. $117,800

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