The following questions pertain to Brascans non-controlling (minority) interest: a. What amount of minority interest is reported
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The following questions pertain to Brascan’s non-controlling (minority) interest:
a. What amount of minority interest is reported on Brascan’s December 31, 2000 balance sheet? What does this amount represent?
b. Where on the balance sheet is the minority interest reported? Explain why it is reported there.
c. What amount of minority interest is reported on Brascan’s statement of income for the year ended December 31, 2000? What does this amount represent?
d. Why is the minority interest added back to income from continuing operations when calculating cash from operations?
e. If you were an investor in Trilon Financial Corporation, how would you use the minority interest information included in Brascan’s financial statements?
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