Paice Corporation Owns 80% of the Voting Common Stock of Accardi

question 12

Essay

Paice Corporation owns 80% of the voting common stock of Accardi Corporation.Paice owns 60% of the voting common stock of Badger Corporation.Accardi owns 20% of the voting common stock of Badger.There are no cost/book value/fair value differentials to consider.The separate net incomes (excluding investment income)of these affiliated companies for 2011 are:
Required:
Calculate controlling interest share of consolidated net income and noncontrolling interest shares for Paice Corporation and Subsidiaries for 2011.

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Definitions:

Gavage Feedings

The process of feeding a person through a tube inserted into the stomach or intestine, often used when someone cannot eat by mouth.

Hemorrhage

Excessive bleeding or the escape of blood from vessels into surrounding tissues, either internally or externally.

Platelets

Small blood cells that play a key role in clotting and stopping bleeding by clumping and forming plugs in blood vessel injuries.

Nitrosoureas

A class of chemotherapy drugs used to treat various types of cancer, known for their ability to cross the blood-brain barrier.