On a consolidated income statement, what is the net income attributable to the noncontrolling interest?
A) $ 9,800.
B) $13,692.
C) $10,836.
D) $12,460.
E) $11,214.

Question

Quizplus · Accepted Answer

The net income attributable to the noncontrolling interest is the portion of the consolidated net income that is attributable to the minority interest. This is calculated by multiplying the consolidated net income by the minority interest percentage. In this case, the consolidated net income is $13,692 and the minority interest percentage is 72%. Therefore, the net income attributable to the noncontrolling interest is $13,692 x 72% = $9,800.

On a Consolidated Income Statement, What Is the Net Income