Computing the noncontrolling interests share

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Reference no: EM13144016

In computing the noncontrolling interest's share of consolidated net income, how should the sub- sidiary's income be adjusted for intercompany transfers?

a. The subsidiary's reported income is adjusted for the impact of upstream transfers prior to com- puting the noncontrolling interest's allocation.

b. The subsidiary's reported income is adjusted for the impact of all transfers prior to computing the noncontrolling interest's allocation.

Reference no: EM13144016

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