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What is the amount of non-controlling interest share

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Question - Bob Corporation purchased a 70% interest in Stage Corporation on June 1, 2013 at a purchase price of $350,000. On June 1, 2013, the book values of Stage's assets and liabilities were equal to fair values. On June 1, 2013, Stage's stockholders' equity consisted of $290,000 of Common Stock and $210,000 of Retained Earnings. All cost-book differentials were attributed to goodwill.

During 2013, Stage earned $240,000 of net income, earned uniformly throughout the year and paid $5,000 of dividends on March 1 and another $5,000 on September 1.

What is the amount of non-controlling interest share for 2013?

What is the amount of Preacquisition income for 2013?

What is the amount of dividends received by Bob Corporation in 2013?

Reference no: EM132801715

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