Noncontrolling interest under the treasury stock approach

Assignment Help Financial Accounting

Reference no: EM131208268

Arryn, Inc. owns 90 percent of Stark Corporation’s voting stock. The acquisition price exceeded book and fair value by $105,900 and was appropriately attributed to goodwill. Stark holds 20 percent of Arryn’s voting stock. The price paid for the shares by Stark equaled 20 percent of the parent’s book value and net fair values of its assets and liabilities. During the current year, Arryn reported separate operating income of $170,000 and dividend income from Stark of $36,500. At the same time, Stark reported separate operating income of $53,400 and dividend income from Arryn of $17,000. What is the net income attributable to the noncontrolling interest under the treasury stock approach?

Reference no: EM131208268

Questions Cloud

The cost of debt or the cost of equity : Which do you think is more expensive for most (publicly held) companies, the cost of debt, or the cost of equity? Do not claim the reason that it could be both -- pick one and defend your answer with an explanation and other sources.

Recommend the information on daily sales report : How would you recommend the information on daily sales report, daily call reports, productivity report, pipeline, and sales forecast to be presented to management?

User-centred approach to design identified : Please just take ten minutes to write about the potential benefits of taking a user-centred approach to design. Please outline three of the benefits of a user-centred approach to design identified in the first activity.

What amount of interest expense should be recorded : On January 1, 2014, Cron Corporation issued $850,000 in bonds that mature in ten years. The bonds have a stated interest rate of 14 percent and pay interest on June 30 and December 31 each year. When the bonds were sold, the market rate of interest w..

Noncontrolling interest under the treasury stock approach : Arryn, Inc. owns 90 percent of Stark Corporation’s voting stock. The acquisition price exceeded book and fair value by $105,900 and was appropriately attributed to goodwill. Stark holds 20 percent of Arryn’s voting stock. The price paid for the share..

Explain how mobile and wearable devices are different : Based on what you have learned about mobile and wearable computing devices, prepare a 5-slide presentation to a department head or the CEO of a company to convince the audience that these devices and the data from these devices would benefit their..

Plot the capacity of channel as a function of signal power : compute the capacity in the limit as PT→∞.. Contrast the result of the problem with the result of preceding problem.

Taxpayer is trading in an automobile used solely : A taxpayer is trading in an automobile used solely for business purposes for another automobile to be used in his business. The automobile originally cost $35,000 and he has taken $18,000 in depreciation. What is the taxpayer's gain or loss realized ..

Write a paper formulating a thesis : Write a paper and need help/ideas formulating a thesis that goes above and beyond answer the prompt and provides a unique avenue for analysis.

User Account

All Pages