Prepare an Excel spreadsheet that computes the following: 1. Company M’s net income including its equity in Company L earnings. 2. H’s net income including its equity in Company M’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 H’s net income. Total entity net income for the three companies less net income attributable to the non-controlling interests of the total entity.

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Chapter 7, Problem 1DYS

To determine

Prepare an Excel spreadsheet that computes the following:

1. Company M’s net income including its equity in Company L earnings.

2. H’s net income including its equity in Company M’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 H’s net income.

Total entity net income for the three companies less net income attributable to the non-controlling interests of the total entity.

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