-What Was the Net Income Attributable to the Noncontrolling Interest

question 21

Multiple Choice

-What was the net income attributable to the noncontrolling interest, assuming that the separate return method was used to assign the income tax expense?

• A) $16,800
• B) $14,450
• C) $14,700
• D) $17,450
• E) $13,800

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Definitions:

Date of Record

The specific date set by a company on which the shareholders must be on the company's books in order to receive a dividend.

Ex-Dividend

A stock trading term that denotes the timing of dividend payments – if you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment.

Declared Dividend

A portion of a company's earnings announced to be paid to shareholders on a specified date.

Homemade Dividend Policy

A strategy where investors create their own dividend stream by selling a portion of their portfolio of equities.