Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

Exercise 16

Angela, Inc., holds a 90 percent interest in Corby Company. During 2014, Corby sold inventory costing $77,000 to Angela for $110,000. Of this inventory, $40,000 worth was not sold to outsiders until 2015. During 2015, Corby sold inventory costing $72,000 to Angela for $120,000. A total of $50,000 of this inventory was not sold to outsiders until 2016. In 2015, Angela reported net income of $150,000 while Corby earned $90,000 after excess amortizations. What is the noncontrolling interest in the 2015 income of the subsidiary
a. $8,000.
b. $8,200.
c. $9,000.
d. $9,800.