Prepare entries to record the following:
Definitions:
Non-Controlling Interest
A portion of the equity in a subsidiary not owned by the parent company, typically shown separately in the consolidated financial statements.
Net Income
The total earnings of a company after deducting all expenses and taxes from revenue, indicating the company's profit.
Intercompany Profit
Profits that arise from transactions between companies under common control, which may need to be eliminated in consolidated financial statements.
Unrealized Profits
Gains on transactions that have occurred but have not yet been realized through the receipt or payment of cash.
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