Delta Corporation owns 90% of Sigma Company, and Sigma owns 90% of Pi, Inc., all of which are domestic corporations. There are no excess amortizations associated with any of the acquisitions. Information for the three companies for the year ending December 31, 2021 follows:
What is the net income attributable to the noncontrolling interest in Sigma for 2021?
A) $55,240.
B) $56,420.
C) $57,280.
D) $59,420.
E) $60,000.
Correct Answer:
Verified
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