Describe the computation of noncontrolling interest share

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Question 1: Describe the computation of noncontrolling interest share for an 80% owned subsidiary with both preferred and common stock outstanding.

A. Suppose that the parent company does not hold any preferred stock of the subsidiary company, the calculation of the non-controlling interest share for an 80% owned subsidiary company work be 100% of the income allocated to preferred shareholder plus 20% of the income allocated to common shareholders.

Reference no: EM132591788

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