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What is the noncontrolling interest

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Question - Angela, Inc., holds a 90 percent interest in Corby Company. During 2020, Corby sold inventory costing $124,950 to Angela for $147,000. Of this inventory, $45,000 worth was not sold to outsiders until 2021. During 2021, Corby sold inventory costing $96,000 to Angela for $128,000. A total of $59,000 of this inventory was not sold to outsiders until 2022. In 2021, Angela reported separate net income of $175,000 while Corby's net income was $112,500 after excess amortizations. What is the noncontrolling interest in the 2021 income of the subsidiary?

a. $11,250.

b. $12,650.

c. $10,450.

d. $11,040.

Reference no: EM133030394

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