Arnold Corporation holds 70 percent of Belvista, which, in turn, owns 70 percent of Stang....
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Accounting
Arnold Corporation holds 70 percent of Belvista, which, in turn, owns 70 percent of Stang. Separate operating income figures (excluding investment income) and intra-entity upstream gains (on assets remaining within the consolidated group) included in the income for the current year follow:
Arnold Belvista Stang
Separate operating income $625,000 $305,000 $240,000
Intra-entity gains 0 18,000 50,000
What is the amount of consolidated net income attributable to the noncontrolling interests?
$143,100
$163,500
$183,000
$213,900
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