In the consolidated income statement of Push Company and its subsidiary, Shove Corporation, the noncontrolling interest was assigned $24,000 of income for 2003. What amount of net income (Hint: It should be the total net income from Shove) did Shove report for 2003 if Push owns 80 percent of Shove? Student Response 1. $ 144,000. 2. $120,000. 3. $ 19,200. 43. If Oakland Company owned 51 percent of the outstanding common stock of Redding Company, what reporting method would be appropriate? A. Cost method. B. Consolidation method. C. Equity method. D. Merger method. 44. Consolidated financial statements tend to be most useful for: A. Creditors of a consolidated subsidiary. B. Investors and long-term creditors of the parent company. C. Short-term creditors of the parent company. D. Stockholders of a consolidated subsidiary