Question 9

Parent Company has three subsidiaries, as follows Percentage of the Parent's Ownership PARENT 99% SUBL 60% SUB2 40% SUBS BALANCE SHEET Assets 48 40 40 10 200 180 180 180 Accounts receivable Plant and equipment Investment in Sub (14000) Investment in Sub 2(1400.60) Investment in Sub 3 (140 -0.40) Total assets 126 84 2014 120 420 120 600 280 280 250 Liabilities Equity 414 140 140 4.790 3,000 3,000 3.000 INCOME STATEMENT Revenues Sales Income from Sub 101,100 0.90) Income from Sub 2(1.100 0.601 Income from Sub 3 (1,1000.00 990 660 1.2001 Expenses Net income 5.000 1890 (1.2003 1.100 1.900 1.100 Compute the amount of MINORITY INTEREST that will be reported in the CONSOLIDATED balance sheet 154 56 070 140 14 FEEDBACK 0/1 (0.00%) X x