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tome statement and is die Eron tal Y Canco Inc. owns 70% of Supersonics and consolidates this subsidiary. In 2012, Supersonics earned $100,000 after

 

tome statement and is die Eron tal Y Canco Inc. owns 70% of Supersonics and consolidates this subsidiary. In 2012, Supersonics earned $100,000 after tax and Cano carned $1,000,000. Without consideration of minority interests, the stockholders equity of Supersonics at the end of 2012 was $1,200,000, Required: Determine the minority share of earnings in 2012. 18os000x Soll- 1 Su003 b. Determine the consolidated net income. Determine the minority interest at the end of 2012 on the balance sheet. eos03/1310 d. How should minority interest be classified on the balance sheet for analysis? Cans

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