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How much is noncontrolling interest in subsidiary net income

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On January 1, 2010, parent lends 70% owned subsidiary $5,000,000 at 6% annual interest for two years. Subsidiary pays the accrued interest at the end of each year. Answer the following:

Problem a. How much is consolidated loan receivable at December 31, 2010

Problem b. How much is consolidated loan payable at December 31, 2010

Problem c. How much is consolidated interest income at December 31, 2010

Problem d. How much is consolidated interest expense at December 31, 2010

Problem e. Assume the subsidiary had no other transactions in 2010. How much is noncontrolling interest in subsidiary net income

Reference no: EM133003984

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