How would net income attributable to the noncontrolling interest be different if the transfers had been for the same amount and cost, but from Stendall to Edgar?
A) Net income attributable to the noncontrolling interest would have decreased by $6,000.
B) Net income attributable to the noncontrolling interest would have increased by $24,000.
C) Net income attributable to the noncontrolling interest would have increased by $20,000.
D) Net income attributable to the noncontrolling interest would have decreased by $18,000.
E) Net income attributable to the noncontrolling interest would have decreased by $56,000.

Question

Quizplus · Accepted Answer

If the transfers were from Stendall to Edgar, the unrealized profit would have been eliminated from Stendall's income, reducing the net income attributable to the noncontrolling interest by $6,000.

How Would Net Income Attributable to the Noncontrolling Interest Be