What effect will the adjustment for the realization of the intercompany gain (in the preparation of the consolidated income statement) have on the non-controlling interest in income for 2017?

Question

Quizplus · Accepted Answer

The adjustment for the realization of the intercompany gain is typically made to eliminate the effects of intercompany transactions on the consolidated financial statements. This adjustment does not affect the non-controlling interest in income, as it is related to the parent company's and subsidiary's transactions.

What Effect Will the Adjustment for the Realization of the Intercompany