What is the non-controlling interest

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Question - Brint Corp. acquired on January 1, 2018, 75% of the outstanding share capital of Aprint Corp. for P208,500. On that date, Aprint's statement of financial position showed shareholder's equity of:

Ordinary share capital, P100 par 200,000

Retained earnings 50,000

The excess of cost over book value is attributable to an asset which has an estimated remaining useful life of ten years. Brint measures non-controlling interest at its proportionate share of the identifiable net assets.

For the year ended December 31, 2018, Aprint reported net income of P60,000 and paid cash dividends of P20 per share on its share capital. What is the non-controlling interest in the consolidated statements of financial position as of December 31, 2018?

Reference no: EM133184644

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