Question: Financial Statement Analysis: Use US GAAP financial statements. Explain how non-controlling interest (NCI) is calculated and how subsidiary net income is allocated to the NCI.

Financial Statement Analysis: Use US GAAP financial statements. Explain how non-controlling interest (NCI) is calculated and how subsidiary net income is allocated to the NCI. Prepare an (i) Exhibit (in Excel) showing the calculations required. Explain the financial reporting for the line items on the worksheet: non-controlling interest, investment in subsidiary, consolidated net income and goodwill. Slide 25 to 32, 46 Also include ii) a Consolidation spreadsheet as an accompanying exhibit*. You Exhiibit can be from any source as long as it reflects the line items listed above. Below is an example of a Consolidation spreadsheet

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