Arnold Corporation holds 70 percent of Belvista, which, in turn, owns 70 percent of Stang. Separate operating income figures (excluding investment income) and intra-entity upstream gains (on assets remaining within the consolidated group) included in the income for the current year follow:   Arnold Belvista Stang Seperate operating income $625000 $305000 $240000 Intra-entity gains -0- 18000 50000 What is the amount of consolidated net income attributable to the noncontrolling interests? Choose the correct.a. $143,100b. $163,500c. $183,000d. $213,900

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Arnold Corporation holds 70 percent of Belvista, which, in turn, owns 70 percent of Stang. Separate operating income figures (excluding investment income) and intra-entity upstream gains (on assets remaining within the consolidated group) included in the income for the current year follow:

  Arnold Belvista Stang
Seperate operating income $625000 $305000 $240000
Intra-entity gains -0- 18000 50000

What is the amount of consolidated net income attributable to the noncontrolling interests? Choose the correct.
a. $143,100
b. $163,500
c. $183,000
d. $213,900

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