L

How is the portion of consolidated earnings to be assigned to minority interest in net income of subsidiary computed?

A)The net income of the parent company is subtracted from the subsidiary's net income to compute the minority interest.

B)The subsidiary's entire net income is allocated to the minority interest.

C)The amount of the subsidiary's net income recognized for consolidation purposes is multiplied by the minority's percentage ownership.

D)The amount of consolidated net income determined in the working paper for consolidated financial statements is multiplied by the minority interest percentage on the balance sheet date.