The Following Information Pertains to Questions

question 38

Multiple Choice

The following information pertains to questions
The following information pertains to the shareholdings of an affiliated group of companies.The respective ownership interest of each company is outlined below.
A Inc.:
A Inc.owns 75% of J Inc.and 60% of G Inc.
J Inc.:
J Inc.owns 60% of D Inc.and 20% of G Inc.
G Inc.:
G Inc.owns 10% of J Inc.and 80% of Y Inc.
All intercompany investments are accounted for using the equity method.
The Net Incomes for these companies for the year ended December 31,2009 were as follows: Unrealized intercompany profits earned by the various companies for the year ended December 31,2009 are shown below: All companies are subject to a 25% tax rate.
-What is the amount of non-controlling interest that would appear on A Inc.'s Consolidated Income Statement?

• A)$660,000
• B)$396,375
• C)$400,000
• D)Nil.

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Definitions:

Clinging

The act of holding tightly or adhering closely to something, often for emotional support, security, or dependency.

Categorical Self

The concept of self based on categorizing oneself into groups, such as age, gender, or skills, often seen in early childhood.

Egalitarian

Relating to or believing in the principle that all people are equal and deserve equal rights and opportunities.

Sensitivity

The quality of being easily affected by external inputs or changes, often referring to emotional acuteness or responsiveness to stimuli.