At the end of the year, LittleCo reports the following in its financial statements:
Revenues $ 65,250 Machine $ 9,360 Common stock $ 10,000
Expenses 29,700 Other assets 31,190 Retained earnings 30,550
Net Income $35,550 Total assets $ 40,500 Total equity $ 40,550
Determine the amounts that BigCo should report in its year-end consolidated financial statements for noncontrolling interest in subsidiary income, total noncontrolling interest, LittleCoâ€™s machine (net of accumulated depreciation), and the process trade secret. Report all amounts as positive values. Show your work for possible partial credit.
Item (5 points each) Value Show your work for possible partial credit!
Noncontrolling interest in subsidiary income
Total noncontrolling interest
LittleCo’s machine (net accumulated depreciation)
Process trade secret