Part 1: When a company acquires another company, often less than 100% of the shares are acquired. For an acquisition to be considered a business acquisition, control must be obtained. Net income of the acquired company is divided between the controlling and non-controlling interest. The following information is from Coca-Cola Company's 2020 annual report. Net income attributable to Coca-Cola's shareholders (includes Coca-Cola's stand-alone net income plus the controlling interest in the acquired company's $7,747 \begin{tabular}{|l|l|} \hline net income) & million \\ \hline Net income attributable to Non-controlling interests (includes The non-controlling interest in the net income of the acquired Company) \\ \hline \end{tabular} Required: A. If the economic entity concept is followed, consolidated net income would be what dollar amount? B. If the parent company concept is followed, consolidated net income would be what amount? Part 2: On Coca-Cola Company's 2020 balance sheet, the standalone equity of Coca-Cola is presented along with the equity of any acquired company (this amount is separated into the controlling interest owned by Coca-Cola and the non-controlling interest owned by entities other than Coca-Cola). The following information is known: \begin{tabular}{|l|l|} \hline Equity attributed to Coca-Cola's shareholders (including Coca-Cola's Stand-alone equity plus the controlling interest in the acquired company's Equity) & \$19,299 million \\ \hline Equity attributed to non-controlling interest (includes the non-controlling Interest in the equity of the acquired company) \\ \hline \end{tabular} C. If the economic entity concept is followed, Consolidated equity would be: D. If the parent company concept is followed, consolidated equity would be what amount