Monsanto Company, a St. Louisbased company, is a leading provider of agricultural products for farmers. It sells

Question:

Monsanto Company, a St. Louis–based company, is a leading provider of agricultural products for farmers. It sells seeds, biotechnology trait products, and herbicides worldwide.

Required
a. How did Monsanto Company report its income to noncontrolling (minority) shareholders of consolidated subsidiaries in its 2007 ?
b. How did Monsanto Company report its subsidiary noncontrolling (minority) interest in its 2007 consolidated balance sheet?
c. Comment on Monsanto’s treatment of its subsidiary noncontrolling interest.
d. In 2007, Monsanto had several affiliates that were special-purpose or variable interest entities. What level of ownership did Monsanto have in these entities? Were any of these consolidated? Why?

Consolidated Income Statement
When talking about the group financial statements the consolidated financial statements include Consolidated Income Statement that a parent must prepare among other sets of consolidated financial statements. Consolidated Income statement that is...