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What the balance of the non-controlling interest

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Question - On January 2, 2015, P Company acquired 75% of the outstanding common stock of S Company for 270,000 cash.

The investment was accounted for by the cost method. On January 2, 2015, S' identifiable net assets were 300,000.

S' Net income for the year ended December 31, 2015 was 160,000. During the year 2015, P received 60,000 cash dividends from S. there were no other inter-company transactions.

Required - What the balance of the non-controlling interest (NCI) account on December 31, 2015?

Reference no: EM132976986

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