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1 Franklin Corporation owns 75 percent of Bowie Company's stock. In the 20x9 consolidated income statement, the noncontrolling interest was 2 assigned $20,000 of
1 Franklin Corporation owns 75 percent of Bowie Company's stock. In the 20x9 consolidated income statement, the noncontrolling interest was 2 assigned $20,000 of income. There was no differential in the acquisition. 23 3 4 Required: 50 167 8 9 Note: Use cells A2 from the given information to complete this question. What amount of net income did Bowie Company report for 20X9? 10 Total ownerhip percentage 11 Franklin ownership percentage 12 Non-controlling ownership percentage ownership 13 14 Noncontrolling interest income 15 Non-controlling ownership percentage ownership 16 Total net income 17
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