Alpha Corporation owns 100 percent of Beta Company, and Beta owns 80 percent of Gamma, Inc., all of which are domestic corporations. Information for the three companies for the year ending December 31, 2011 follows:
-What is the noncontrolling interest in Gamma's income for 2011?
A) $0.
B) $9,600.
C) $10,000.
D) $19,200.
E) $20,000.

Question

Alpha Corporation owns 100 percent of Beta Company, and Beta owns 80 percent of Gamma, Inc., all of which are domestic corporations. Information for the three companies for the year ending December 31, 2011 follows: 
-What is the noncontrolling interest in Gamma's income for 2011?
A) $0. 
B) $9,600. 
C) $10,000. 
D) $19,200. 
E) $20,000.

Quizplus · Accepted Answer

The Answer of Alpha Corporation owns 100 percent of Beta Company, and Beta owns 80 percent of Gamma, Inc., all of which are domestic corporations. Information for the three companies for the year ending December 31, 2011 follows: 
-What is the noncontrolling interest in Gamma's income for 2011?
A) $0. 
B) $9,600. 
C) $10,000. 
D) $19,200. 
E) $20,000.

Alpha Corporation Owns 100 Percent of Beta Company, and Beta