E 9-4 Determine equation to compute income from subsidiary, controlling share, and noncontrolling interest share The affiliation

Question:

E 9-4 Determine equation to compute income from subsidiary, controlling share, and noncontrolling interest share The affiliation structure of Putra Corporation and its subsidiaries is as follows:

Putra 80%

60%

20%

Sora Touma Separate incomes of Putra, Sora, and Touma Corporations are A, B, and C, respectively.

REQuIRED:

Determine the following:

1. The equation for determining Putra’s income from Sora 2. The equation for determining Putra and Subsidiaries’ controlling interest share of consolidated net income for 2016 3. The equation for determining Putra and Subsidiaries’ noncontrolling interest share for 2016

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Related Book For  book-img-for-question

Advanced Accounting

ISBN: 9781292214597

13th Global Edition

Authors: Joseph H. Anthony, Bruce Bettinghaus, Floyd A. Beams, Kenneth Smith

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