Able Company owns an 80% interest in Barns Company and a 20% interest in Carns Company. Barns owns a 40% interest in Carns Company
a. Carn will not be included in the consolidation process
b. Carn will be included in the consolidation process; 20% of prior period amortizations will be distributed to Retained Earnings-Carns
c. Carn will be included in the consolidation process; 40% of prior period amortizations will be distributed to Retained Earnings-Carns
d. Carn will be included in the consolidation process; NCI will be allocated 6.4% of prior-period profits originated by Carns
c
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