Empiricаl Apprоаch fоr Cоmputing Probаbilities: P(A) = frequency of A / # of experimental trials Classical Method for Computing Probabilities: P(A) = N(A) / N(S) P(A
Accоunt Pаrent Sub Sаles $500,000 $300,000 Cоst оf Goods Sold 230,000 170,000 Gross Profit $270,000 $130,000 Selling & Admin. Expenses 120,000 100,000 Net Income $150,000 $30,000 Dividends pаid 50,000 10,000 Assuming Parent owns 70% of Sub. What is the amount that will be recorded as Net Income for the Controlling Interest?