Suppose P Company owns 90 of S Company and S Company earns $300,000 What is the amount of the noncontrolling interest shown in P Companys consolidated income statement What is the amount of the noncontrolling interest shown in S companys individual income statement ...

The noncontrolling interest reflected on Ps consolidated income statement is th ...

Suppose P Company owns 90% of S Company and S Company earns $300,000. What is the amount

Question:

Suppose P Company owns 90% of S Company and S Company earns $300,000. What is the amount of the noncontrolling interest shown in P Company’s ? What is the amount of the noncontrolling interest shown in S company’s individual income statement?

Consolidated Income Statement
When talking about the group financial statements the consolidated financial statements include Consolidated Income Statement that a parent must prepare among other sets of consolidated financial statements. Consolidated Income statement that is...