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 ...

Intercompany investment percentages and 2011 earnings for three affiliates are as follows: Percentage Interest Percentage Interest in

Question:

Intercompany investment percentages and 2011 earnings for three affiliates are as follows:
Percentage Interest Percentage Interest
in Sad in Two Separate Earnings
Pad ................. 70% ...................... - ................. $400,000
Sad ................. - ....................... 80% .................. 240,000
Two ................ 10% .................... - ..................... 160,000
REQUIRED
Compute controlling share of consolidated net income and noncontrolling interest share for 2011.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...