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    Non-Controlling Interest in Gargiulo's Net Income for 2012.

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    Gargiulo Company a 90% owned subsidiary of Posito Corporation sells inventory to Posito at a 25% profit on selling price. The following data are available pertaining to intra-entity purchases. Gargiulo was acquired on January 1, 2010.

    Assume the equity method is used. The following data are available pertaining to Gargiulo's income and dividends.

    Compute the non-controlling interest in Gargiulo's net income for 2012.

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    https://brainmass.com/business/accounting/non-controlling-interest-in-gargiulo-s-net-income-for-2012-537768

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    Net Income........................................................$94,000
    Add intra-entity profits from ...

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    $2.19

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