(Answered) Question - orange corporation owns 70 percent of the voting

Accounting

Question - Orange Corporation owns 70 percent of the voting common shares of McNichols Corporation, purchased at book value. Noncontrolling interest was assigned $21,000 of income in the 20X0 consolidated income statement. What amount of net income did McNichols Corporation report for the year?

$70,000

$63,000

$30,000

$147,000

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