On a Consolidated Income Statement, What Is the Net Income

question 8

Multiple Choice

On a consolidated income statement, what is the net income attributable to the noncontrolling interest?

• A) $ 9,800.
• B) $13,692.
• C) $10,836.
• D) $12,460.
• E) $11,214.

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Definitions:

Expiration

The point in time when a financial contract such as an option or futures contract ceases to exist.

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

Put Option

An economic arrangement that offers the holder a privilege, absent any mandate, to liquidate a specified quantum of a core asset at a stipulated price throughout a fixed duration.

Expiration

The point in time when a financial contract (e.g., option, futures contract) reaches its end date and is either executed or becomes void.