EXERCISE 4-5 Eliminating Entries, Non-controlling Interest LO 2 On January 1, 2014, Plate Company purchased a 90% interest in the common stock of Set...

3. Determine the total non-controlling interest that will be reported on the consolidated balance sheet on December 31, 2014. How does the non-controlling interest differ between the cost method and the equity method? EXERCISE 4-5 Eliminating Entries, Non-controlling Interest LO 2On January 1, 2014, Plate Company purchased a 90% interest in the common stock of Set Company for$650,000, an amount $20,000 in...