Question: Need help with the ones that are wrong Preparing a consolidated income statement - with noncontrolling interest, but no AAP or intercompany profits A partent

Need help with the ones that are wrong Preparing a consolidated incomeNeed help with the ones that are wrong

Preparing a consolidated income statement - with noncontrolling interest, but no AAP or intercompany profits A partent comparly purchased an BO\% interest in ils subsidiary severai years ago with no AMP (i.t., parbhased at book valuel. Each repoets the following incorne statemerk for ithe currerh year. a. Compute the incarre (aoss) fromsulsidiary of $126,000 reporled by the parert compary. b. Prepare ihe cansolidated income statemert foc the curterit year. Do not use negative signs with your arawers

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