QUESTION 5 When it comes to consolidated net income and its allocation, I used the following graph in the lecture (a) (b) 80% Controlled by (c) 20 % by NCI Parent Parent Subsidiary There are diferent ways to calculate each component. Which one of the following correctly calculates component (c)? Subsidiary's odjusted income X 20%, where the adjusted income = Subsidiary's Revenue-Subsidiary's Expense- There are different ways to calculate each component. Which one of the following correctly calculates component (c)? CA Subsidiary's adjusted income X 20%, where the adjusted income = Subsidiary's Revenue – Subsidiary's Expense - Excess Amortization OB. Subsidiary's income X 20%, where the adjusted income= Subsidiary's Revenue – Subsidiary's Expense OC. Consolidated net income attributable to parent X 20% OD. Consolidated net income X 20%

QUESTION 5 When it comes to consolidated net income and its allocation, I used the following graph in the lecture (a) (b) 80% Controlled by (c) 20 % by NCI Parent Parent Subsidiary There are diferent ways to calculate each component. Which one of the following correctly calculates component (c)? Subsidiary's odjusted income X 20%, where the adjusted income = Subsidiary's Revenue-Subsidiary's Expense- There are different ways to calculate each component. Which one of the following correctly calculates component (c)? CA Subsidiary's adjusted income X 20%, where the adjusted income = Subsidiary's Revenue – Subsidiary's Expense - Excess Amortization OB. Subsidiary's income X 20%, where the adjusted income= Subsidiary's Revenue – Subsidiary's Expense OC. Consolidated net income attributable to parent X 20% OD. Consolidated net income X 20%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Compute Measures for DuPont Disaggregation Analysis Use the information below for 2018 for 3M Company to answer the requirements. ($ millions) Sales Net income, consolidated Net income attributable to 3M shareholders Pretax interest expense Assets Total equity Equity attributable to 3M shareholders Net income consolidated S a. Compute return on equity (ROE) from the perspective of a 3M shareholder. Note: 1. Select the appropriate numerator and denominator used to compute ROE from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute ROE Numerator Denominator E Net income consolidated (adjusted) 2018 2017 $32,765 5,363 5,349 S 207 36,500 $37,987 9,848 11,622 9,796 11,563 S + Average total equity 5,349 $ b. Compute the DuPont model component measures for profit margin, asset turnover, and financial leverage. (Perform these computations from a consolidated perspective). Profit Margin (PM) Note: 1. Select the appropriate numerator and denominator used to…
Please don't give image format
Pizza Corporation acquired 75 percent of Slice Corporation's voting common stock on January 1, 20X4, for $354,000, when the fair value of its net identifiable assets was $470,000 and the fair value of the noncontrolling interest was $116,000. Slice reported common stock outstanding of $140,000 and retained earnings of $230,000. The excess of fair value over book value of Slice's net assets was attributed to amortizable assets with a remaining life of 10 years. On December 31, 20X4, Slice sold a building to Pizza ar recorded a gain of $22,000. Income assigned to the noncontrolling shareholders in the 20X4 consolidated income statement was $17,500. Required: a. Compute the amount of net income Slice reported for 20X4. Reported income of Slice b. Compute the amount reported as consolidated net income if Pizza reported operating income of $238,000 for 20X4. Consolidated net income
Question: Determine which segments are considered to be reportable and whether the reportable segments represent a significant portion of entity consolidated revenues.
Monty Company Is Involved In four separate Industrles. The followIng Information Is avallable for each of the four Industries. operating Segment Total Revenue Operating Profit (Loss) $15,220 2,410 (3,020) Identifiable Assets W. $55,796 $182,990 91,495 24,050 6,744 1,090 18,930 $96,200 $15,700 $315,500 Determine which of the operating segments are reportable based on the: Reportable Segments (a) Revenue test. (b) Operating profit (loss) test. IdentifiabiE 25sets test.
I need unique and correct answer. Don't try to copy from anywhere. Do not give answer in image formet and hand writing
Horizontal Analysis of Income Statements Consolidated income statements for Cooper Manufacturing follow. Cooper Manufacturing Consolidated Income Statements (in thousands except per share amounts) Sales Costs and expenses: Cost of goods sold Research and development Selling, general, and administrative Restructuring costs and other Operating income Interest and other income, net Income before income taxes Provision for income taxes Net income Earnings per common and common equivalent share Common and common equivalent shares used in the calculations of earnings per share Required: Sales Costs and expenses: Cost of goods sold Research and development Selling, general, and administrative Restructuring costs and other Operating income Interest and other income, net Income before income taxes Provision for income taxes Net income Earnings per common and common equivalent share 2023 % % % % % % Prepare common size income statements for horizontal analysis. Enter your answers in percentage…
Required: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 10 percent. Note: Round "Capital turnover" answers to 2 decimal places.
9
Divisional Income Statements and Return on Investment Analysis E.F. Lynch Company is a diversified investment company with three operating divisions organized as investment centers. Condensed data taken from the records of the three divisions for the year ended June 30, 20Y8, are as follows: Mutual FundDivision ElectronicBrokerageDivision InvestmentBankingDivision Fee revenue $1,010,000 $1,060,000 $1,030,000 Operating expenses 492,000 390,400 727,600 Invested assets 3,700,000 3,100,000 2,100,000 The management of E.F. Lynch Company is evaluating each division as a basis for planning a future expansion of operations. Required: Question Content Area 1. Prepare condensed divisional income statements for the three divisions, assuming that there were no service department cost allocations. E.F. Lynch CompanyDivisional Income StatementsFor the Year Ended June 30, 20Y8 MutualFundDivision ElectronicBrokerageDivision InvestmentBankingDivision Fee…
provide the answer of d part
Hardev