Arnold Corporation holds 70 percent of Belvista, which, in turn, owns 70 percent of Stang. Separate operating

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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:

Arnold Belvista Stang Separate operating income Intra-entity gains. $625,000 $305,000 $240,000 50,000 ... -0- 18,000

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

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C Stangs accrualbased income Operating income 240000 Defer intraent...View the full answer

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Question Posted: Jul 16, 2020 11:05 AM

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