The affiliation structure for a group of interrelated companies is diagrammed as follows:T...

The affiliation structure for a group of interrelated companies is diagrammed as follows:

The investments were acquired at fair value equal to book value in 2011, and there are no unrealized or constructive profits or losses.

Separate incomes and dividends for the companies for 2011 are:

1. The direct noncontrolling interest share of Tar Company’s net income for 2011 is:

a $120,000

b $148,000

c $252,000

d $280,000

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2. The direct noncontrolling interest share of Van Company’s net income for 2011 is:

a $48,000

b $96,000

c $110,400

d $144,000

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3. The total noncontrolling interest share that should appear in the consolidated income statement for 2011 is:

a $244,200

b $210,200

c $204,200

d $76,200

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4. Controlling share of consolidated net income for Pan Company and Subsidiaries for 2011 is:

a $1,925,800

b $1,881,800

c $1,240,000

d $685,800

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5. Pan’s Investment in Sin account should reflect a net increase for 2011 in the amount of:

a $762,000

b $685,800

c $625,800

d $505,800