Barnard Company Owns a 60 Percent Interest in Simon Company

question 91

Multiple Choice

Barnard Company owns a 60 percent interest in Simon Company.For the year ended December 31,2016,the net income of Barnard Company was $80 and the net income of Simon Company was $10.What is the balance in the Noncontrolling Interests account on the consolidated income statement for the year ending December 31,2016?

• A) $0
• B) $4
• C) $6
• D) $48

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