Chapter 7, Problem 1DYS

To determine

Prepare an Excel spreadsheet that computes the following:

1. Company T’s net income including its equity in Company B earnings.

2. H’s net income including its equity in Company T’s total earnings.

3. Total entity net income for the three companies.

4. Net income attributable to the non-controlling interests.

5. Difference between these elements:

• Company S’s net income.
• Total entity net income for the three companies less net income attributable to the non-controlling interests of the total entity.