Gardner Corporation holds 80 percent of Healthstone, which, in turn, owns 80 percent of Icede.Operational income figures (without investment income) as well as unrealized upstream gains included in the income for the current year follow: 11eb9247_5f46_ca0d_a81e_d9d176d2b69b_SM1528_00 What balance does the consolidated income statement for the year report for the noncontrolling interest in the subsidiaries' income a.$86,000. b.$100,000. c.$111,600. d.$120,800.

Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Edition 10ISBN: 978-1260575910

Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Edition 10ISBN: 978-1260575910

Exercise 8

Gardner Corporation holds 80 percent of Healthstone, which, in turn, owns 80 percent of Icede.Operational income figures (without investment income) as well as unrealized upstream gains included in the income for the current year follow:

What balance does the consolidated income statement for the year report for the noncontrolling interest in the subsidiaries' income
a.$86,000.
b.$100,000.
c.$111,600.
d.$120,800.

Explanation

Verified

Non-controlling interest:
Non-controlli...