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Delta Corporation Owns 90% of Sigma Company, and Sigma Owns

Question 75

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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: 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. 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.

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