REFERENCE: Ref.06_01
On January 1,2009,Riney Co.owned 85% of the common stock of Garvin Co.On that date,Garvin's stockholders' equity accounts had the following balances: The balance in Riney's Investment in Garvin Co.account was $569,500,and the noncontrolling interest was $100,500.On January 1,2009,Garvin Co.sold 10,000 shares of previously unissued common stock for $15 per share.Riney did not acquire any of these shares.
-What is the balance in Noncontrolling Interest in Garvin Co.after the sale of the 10,000 shares of common stock? (Do not round calculation of new interest. )

Question

REFERENCE: Ref.06_01
On January 1,2009,Riney Co.owned 85% of the common stock of Garvin Co.On that date,Garvin's stockholders' equity accounts had the following balances:  The balance in Riney's Investment in Garvin Co.account was $569,500,and the noncontrolling interest was $100,500.On January 1,2009,Garvin Co.sold 10,000 shares of previously unissued common stock for $15 per share.Riney did not acquire any of these shares.
-What is the balance in Noncontrolling Interest in Garvin Co.after the sale of the 10,000 shares of common stock? (Do not round calculation of new interest. )

Quizplus · Accepted Answer

The Answer of REFERENCE: Ref.06_01
On January 1,2009,Riney Co.owned 85% of the common stock of Garvin Co.On that date,Garvin's stockholders' equity accounts had the following balances:  The balance in Riney's Investment in Garvin Co.account was $569,500,and the noncontrolling interest was $100,500.On January 1,2009,Garvin Co.sold 10,000 shares of previously unissued common stock for $15 per share.Riney did not acquire any of these shares.
-What is the balance in Noncontrolling Interest in Garvin Co.after the sale of the 10,000 shares of common stock? (Do not round calculation of new interest. )

REFERENCE: Ref.06_01 on January 1,2009,Riney Co.owned 85% of the Common Stock of Stock