The affiliation structure for Pin Corporation and its subsidiaries is as follows:

Separate incomes of Pin, Son, and Tan Corporations for 2011 are $360,000, $160,000, and $100,000, respectively.1. The equation for determining Pin's income from Son on a one-line consolidation basis for 2011 is:(a) $160,000 * 70%(b) ($160,000 * 70%) + ($100,000 * 80%)(c) ($160,000 * 70%) + ($100,000 * 56%)(d) 70% * ($160,000 * $100,000)2. Noncontrolling interest share for Pin and Subsidiaries for 2011 is determined as follows:(a) $30% * $160,000(b) (30% * $160,000) + (20% * $100,000)(c) (30% * $160,000) + (24% * $100,000)(d) (30% * $160,000) + (44% * $100,000)3. Controlling share of consolidated net income can be determined by the following equation:(a) $620,000 - ($160,000 * 30%)(b) $620,000 - ($160,000 * 30%) - ($100,000 * 20%)(c) $620,000 - ($160,000 * 30%) - ($100,000 * 20%) - ($100,000 * 30% * 90%)(d) $620,000 - ($160,000 * 30%) - ($100,000 * 44%)

Transcribed Image Text:

Pin ! 70% Son I 80% Tan