-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:

Gross Investment

The total amount of capital expenditure a company spends on maintaining and increasing the scope of its operations.

Net Investment

The total spending on new fixed investment minus depreciation on existing physical assets.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value due to use, wear and tear, or obsolescence.

Disposable Income

The net income available to an individual or household for saving or spending after income taxes have been deducted.