Define the following terms:
a) NCI
b) Minority interest
Regina Ltd. and Dakota
Statements of Financial Position
December 31, 20X6

Statements of Comprehensive Income
Year Ended December 31, 20X6

c) Proportionate consolidation
d) Parent-company method
e) Parent-company extension method
f) Entitymethod

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Regina Ltd. Dakota Ltd. Current Assets: Cash Accounts and other receivables Inventories 63,800 120,000 130,000 313,800 52,500 77,000 55,000 184,500 Capital Assets: Land Buildings Accumulated depreciation Equipment Accumulated depreciation 380,000 (56,200) 230,000 (68,000) 485,800 135,000 150,000 (70,000) 170,000 (47,000) 338,000 Other Assets: Investment in Dakota Ltd. (at cost) 150,000 $949,600 $522,500 TOTAL ASSETS Liabilities: Current accounts payable and accrued liabilities Long-term liabilities 51,600 180,000 231,600 97,500 120,000 217,500 Shareholders' Equity Common shares Retained earnings 370,000 348,000 718,000 949,600 100,000 205,000 305,000 $522,500 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY Regina Ltd. $2,200,000 36,000 10,000 12,000 2,258,000 1,300,000 864,000 20,000 2,184,000 74,000 Dakota Ltd. $1,100,000 Sales Dividend income Gain on sale of equipment Other income 1,100,000 660,000 292,000 18,000 70,000 130,000 Cost of sales Other operating expenses Interest expense NET INCOME AND COMPREHENSIVE INCOME Statements of Changes in Equity- Retained Earnings Section Year Ended December 31, 20X6 Retained earnings, December 31, 20XS Net income Dividends declared Retained earnings, December 31, 20x6 348,000 74,000 74,000) 348,000 135,000 130,000 (60,000) 205,000