QUESTION 6 When it comes to consolidated net income and its allocation, I used the following graph in the lecture. (a) (b) 80% Controlled by Parent (c) 20 % by NCI Parent Subsidiary Annnenlirato innamatatamant naar tavan On our consolidated income statement, we need to report (1) Consolidated Net Income; (2) Consolidated Net Income Attributable to Parent; and (3) Consolidated Net Income Attributable to NCI. Based on the example we had, which of the following statements is wrong regarding those three items: (1) Consolidated Net Income = (a) + (b) + (c) OA (2) Consolidated Net Income Attributable to Parent = (Parent's Revenue - Parent's Expenses) + (Subsidiary's B. Revenue - Subsidiary's Expense - Excess Amortization) X 80% OC. (3) Consolidated Net Income Attributable to NCI = (b) X 20% OD. (1) = (2) + (3)