The Noncontrolling Interest in Consolidated Income When the Selling Affiliate

question 35

Multiple Choice

The noncontrolling interest in consolidated income when the selling affiliate is an 80% owned subsidiary is calculated by multiplying the noncontrolling minoritydelete minority ownership percentage by the subsidiary's reported net income

• A)plus unrealized profit in ending inventory less unrealized profit in beginning inventory.
• B)plus realized profit in ending inventory less realized profit in beginning inventory.
• C)less unrealized profit in ending inventory plus realized profit in beginning inventory.
• D)less realized profit in ending inventory plus realized profit in beginning inventory.

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Definitions:

Fetus

A prenatal human between its embryonic state and birth, specifically after the major structures have begun to develop in the ninth week of pregnancy.

Fertilized Egg Cell

A cell resulting from the fusion of a male sperm cell and a female egg cell, marking the beginning of embryonic development.

Implantation

The process in which a fertilized egg adheres to the wall of the uterus, marking the beginning of pregnancy.

Ovum

A female reproductive cell or egg, which, when fertilized by a sperm, begins the process of embryonic development.