Question: Noncontrolling Interest The information below comes from the Form 1 0 - K for Exxon Mobil Corporation ( XON ) . Year Ended December 3

Noncontrolling Interest
The information below comes from the Form 10-K for Exxon Mobil Corporation (XON).
Year Ended December 31(in $ millions)Net income attributable to Exxon Mobil$55,740Plus: Net income attributable to noncontrolling interests1,837Net income$57,577Exxon Mobil share of equity$195,049Noncontrolling interests7,424Total Equity$202,473
a. If a stakeholder is interested in the profitability of Exxon Mobil's worldwide operations, which net
income number (in dollars) would be most relevant?
$Answer 1
b. What proportion of net income was attributable to shareholders of Exxon Mobil? (Round percent
to one decimal place.)
Answer 2%
c. Of the total equity of Exxon Mobil, what proportion came from controlling shareholders? (Round
percent to one decimal place.)
Answer 3%
d. XON has controlling interest in an Italian company, Terminale GNL Adriatico (TGNLA). Assume that during the year, TGNLA pays a dividend of $99 million to XON and $41 million to the noncontrolling interests. Based on this information, what proportion of TGNLA shares are owned by Exxon Mobil? (Round percent to one decimal place.)
Answer 4%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!