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