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Requlred Information [The following information applies to the questions displayed below.] Apple...

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Accounting

Requlred Information
[The following information applies to the questions displayed below.]
Apple Corporation acquires 80 percent of Berry Corporation's common shares on January 1,20X2. On
January 2,20x2, Berry acquires 60 percent of Coco Corporation's common stock. Information on company
book values on the date of purchase and operating results for 202 is as follows:
The fair values of the noncontrolling interests of Berry and Coco at the dates of acquisition were $60,000 and
$80,000, respectively.
Required:
Select the correct answer for each of the following questions.
The amount of income assigned to the noncontrolling interest in the 202 consolidated income statement is:
Multiple Choice
$22,000.
$46,000.
$42,000.
$20,000.
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