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What is the amount of consolidated net income

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Question: Arnold Corporation holds 70 percent of Belvista, which, in turn, owns 70 percent of Stang. Separate operating income figures (excluding investment income) and intra-entity upstream gains (on assets remaining within the consolidated group) included in the income for the current year follow: Arnold Belvista Stang Separate operating income $625,000 $305,000 $240,000 Intra-entity gains -0- 18,000 50,000 What is the amount of consolidated net income attributable to the noncontrolling interests?

Reference no: EM132218884

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