Assume Major bought 90% of the shares of Minor, so 10% of the shares are held by noncontrolling interests. Minor's accountants report 1000 of net income. As part of its accounting for the acquisition, Major determined there needed to be additional expense, beyond that on Minor's books, of 50 per year related to the value of equipment at the date of acquisition. The amount of the income that should be allocated to the noncontrolling interest is a. Zero b. 95 c. 100 d. 105 Which of the following factors does NOT affect the accounting for noncontrolling interest in the consolidated balance sheet from one year to the next, assuming a parent keeps control? a. Dividends paid by the subsidiary b. Losses of the subsidiary c. Purchases of additional stock by the controlling shareholder d. Changes in the market value of the subsidiary (assuming no impairment) Big bought 80% of Small on June 1, year 1. In Year 2, Big bought another 15% of Small. Under GAAP, which of the following is true: a. In Year 2, Big will recompute the purchase price acquisition, and will use the fair values of Small's assets on the date of the final stock purchase to recompute goodwill. b. In Year 2, Big will assume that all the money paid for the final 15% of the shares increases consolidated goodwill. It will not revise the figures for other assets and liabilities of Small. c. In Year 2, Big will treat the payments for the additional 15% as equity transactions. Carrying values for goodwill and the other assets and liabilities of Small will not be changed from what was recorded in Year 1. d. The payment for the 15% will be expensed in Year 2