Arnold Corporation holds 70 percent of Belvista, which, in turn, owns 70 percent of Stang. Separate operating
Question:
Arnold Corporation holds 70 percent of Belvista, which, in turn, owns 70 percent of Stang. Separate operating income figures (excluding investment income) and intra-entity upstream gains (on assets remaining within the consolidated group) included in the income for the current year follow:
What is the amount of consolidated net income attributable to the noncontrolling interests?
a. $143,100
b. $163,500
c. $183,000
d. $213,900
Transcribed Image Text:
Arnold Belvista Stang Separate operating income Intra-entity gains. $625,000 $305,000 $240,000 50,000 ... -0- 18,000
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C Stangs accrualbased income Operating income 240000 Defer intraent...View the full answer
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Related Book For
Advanced Accounting
ISBN: 9781260247824
14th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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