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Problem 7-8 (LO 7-1) Arnold Corporation holds 70 percent of Belvista, which, in turn, owns 70 percent of Stang. Separate operating income figures (excluding investment

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Problem 7-8 (LO 7-1) Arnold Corporation holds 70 percent of Belvista, which, in turn, owns 70 percent of Stang. Separate operating income figures (excluding investment income) and intra-entity upstream gains (on assets remaining within the consolidated group) included in the income for the current year follow Separate operating income Intra-entity gains Arnold Belvista Stang $625,000 $305,000 $240,000 0 18,000 50,000 What is the amount of consolidated net income attributable to the noncontrolling interest? Multiple Choice $183,000. $163,500. $213,900. $143,100

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