Question
Dim Gray Corporation holds 90% of the common stock of Spring Green Corporation. Spring Green's net income is $100,000. How will the noncontrolling interest of
Dim Gray Corporation holds 90% of the common stock of Spring Green Corporation. Spring Green's net income is $100,000. How will the noncontrolling interest of $10,000 be reported in the consolidated financial statements?\ \ Multiple choice question.\ \ It is added to the total consolidated net income in the consolidated income statement.\ \ \ It will be reported on the consolidated balance sheet.\ \ \ It will be reported on the consolidated cash flow statement.\ \ \ It will be subtracted from the total consolidated net income in the consolidated income statement.
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