Norek Corp. owned 70% of the voting common stock of Thelma Co. On January 2, 2018, Thelma sold a parcel of land to Norek. The land had a book value of $42,000 and was sold to Norek for $75,000. Thelma's reported net income for 2018 was $200,000. What is the non-controlling interest's share of Thelma's net income?

$50,100

Explanation:

The computation of the non-controlling interest share is shown below:

= {Net income - (Sale value - book value)} × non owning percentage

= {$200,000 - ($75,000 - $42,000)} × 0.30

= ($200,000 - $33,000) × 0.30

= $50,100

Hence, the non controlling interest share of net income is $50,100 and the same is to be considered

enlightenment impacted society by introducing the idea that mankind could use reason to discover the laws of the world and the rights of mankind. these ideals affected all factions of society, from politics to religion.

answer; vertical marketing system;