How much is the non-controlling interest share

Reference no: EM132718155

Question - On January 1, 2020 Big acquires 90% of Small for a cash payment of $600,000. At acquisition date, the book value of all of Small's assets and liabilities equaled their fair value with the exception of Building (10 year remaining life) that had a book value of $400,000 and a fair value of $900,000. For full year 2020, Small has net income of $300,000. How much is the non-controlling interest share of Small's net income for 2020?

a. $25,000

b. $50,000

c. $30,000

d. $250,000

e. $300,000

Reference no: EM132718155

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