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Accounting

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.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M975606

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