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What is the noncontrolling interest

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Problem - Angela, Inc., holds a 90 percent interest in Corby Company. During 2020, Corby sold inventory costing $87,100 to Angela for $134,000. Of this inventory, $57,200 worth was not sold to outsiders until 2021. During 2021, Corby sold inventory costing $115,500 to Angela for $210,000. A total of $63,000 of this inventory was not sold to outsiders until 2022. In 2021, Angela reported separate net income of $174,000 while Corby's net income was $132,000 after excess amortizations. What is the noncontrolling interest in the 2021 income of the subsidiary?

Reference no: EM132948772

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