Intercompany investment percentages and 2011 earnings for three affiliates are as…

Intercompany investment percentages and 2011 earnings for three affiliates are as follows: Percentage Interest Percentage Interest in Sad in Two Separate Earnings Pad Corporation …………….. 70% …………………. – …………….. $400,000 Sad Corporation …………….. – ………………….. 80% ……………… 240,000 Two Corporation ……………. 10% ……………….. – ………………… 160,000 REQUIRED Compute controlling share of consolidated net income and noncontrolling interest share for 2011. View Solution:
Intercompany investment percentages and 2011 earnings for three affiliates are

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