Alder Corporation holds 80 percent of Beech, which, in turn, owns 80 percent of Cherry.

Separate operating income figures (excluding investment income) and unrealized upstream

gains included in the income for the current year follow:

Alder Beech Cherry

Separate operating income . . . . . . . . . . . . . . . . . . . . . $525,000 $315,000 $280,000

Unrealized gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 19,000 50,000

What is the total noncontrolling interest share of consolidated net income?

a. $105,200 .

b. $119,000 .

c. $142,000 .

d. $163,800

Marc, Inc., owns 75 percent of SRS Company. During the current year, SRS reported net income of $415,000 but paid a total cash dividend of only $110,000. What deferred income tax liability must be recognized in the consolidated balance sheet? Assume the tax rate is 40 percent. a. $25,380 . b. $18,300 . c. $22,140 . d. $41,340 .