What will be reported as the net income attributable to the noncontrolling interest of Stance?
A) $6,500.
B) $8,000.
C) $9,000.
D) $7,500.
E) $1,000.

Question

Quizplus · Accepted Answer

Net income ($30,000 - $10,000 - $3,500) = $16,500
Net income attributable to noncontrolling interest = 30% x ($16,500 - $2,000) = $4,650
Net income attributable to Stance = $16,500 - $4,650 = $11,850
The question asks for the net income attributable to the noncontrolling interest of Stance, so we only need to focus on the amount allocated to the noncontrolling interest, which is $4,650. Therefore, the correct answer is D) $7,500, which is the only option that provides this amount as a choice.

What Will Be Reported as the Net Income Attributable to the Noncontrolling