In years subsequent to the year a 90% owned subsidiary sells equipment to its parent company at a gain, the non-controlling interest is consolidated income is computed by multiplying the non-controlling interest percentage by the subsidiary’s reported net income: A. Minus the net amount of unrealized gain on the intercompany sale B. Plus intercompany gain considered realized in the current period. C. Plus the net amount of unrealized gain on the intercompany sales D. Minus intercompany gain considered realized in the current period

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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In years subsequent to the year a 90% owned subsidiary sells equipment to its parent company at a gain, the non-controlling interest is consolidated income is computed by multiplying the non-controlling interest percentage by the subsidiary’s reported net income:

A. Minus the net amount of unrealized gain on the intercompany sale

B. Plus intercompany gain considered realized in the current period.

C. Plus the net amount of unrealized gain on the intercompany sales

D. Minus intercompany gain considered realized in the current period

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