Controlling interest share of consolidated net income for Paint Corporation and Subsidiaries is:
A) $234,800.
B) $244,800.
C) $260,000.
D) $270,000.
A) Paint Achille Badrack
Separate incomes $120,000 $100,000 $50,000
Allocate 80% of Badrack to Achille _______ 40,000 (40,000)
Subtotal 120,000 140,000 10,000
Allocate 82% of Achille to Paint 114,800 (114,800)
Controlling interest share of cons. net income $234,800 _______ _______
Noncontrolling interest share $25,200 $10,000
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