Norek Corp

Multiple Choice

Norek Corp.owned 70% of the voting common stock of Thelma Co.On January 2,2009,Thelma sold a parcel of land to Norek.The land had a book value of $32,000 and was sold to Norek for $45,000.Thelma's reported net income for 2009 was $119,000.What is the noncontrolling interest's share of Thelma's net income?

A) $35,700.
B) $31,800.
C) $39,600.
D) $22,200.
E) $26,100.