What would be the change in the non-controlling interest account for 2018?

Question

Quizplus · Accepted Answer

The change in the non-controlling interest account can be calculated by taking the percentage of ownership of the non-controlling interest in the subsidiary multiplied by the subsidiary's net income for the year. In this case, the non-controlling interest's ownership percentage is 20% (100,000/500,000), and the subsidiary's net income for the year is $139,000. Therefore, the change in the non-controlling interest account would be 20% x $139,000 = $27,800 decrease.

What Would Be the Change in the Non-Controlling Interest Account