The affiliation structure for Pin Corporation and its subsidiaries is as follows:Separate...

The affiliation structure for Pin Corporation and its subsidiaries is as follows:

Separate incomes of Pin, Son, and Tan Corporations for 2011 are $360,000, $160,000, and $100,000, respectively.

1. The equation for determining Pin’s income from Son on a one-line consolidation basis for 2011 is:

a $160,000 × 70%

b ($160,000 × 70%)+ ($100,000 × 80%)

c ($160,000 × 70%)+ ($100,000 × 56%)

d 70% × ($160,000 × $100,000)

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2. Noncontrolling interest share for Pin and Subsidiaries for 2011 is determined as follows:

a $30% × $160,000

b (30% × $160,000)+ (20% × $100,000)

c (30% × $160,000)+ (24% × $100,000)

d (30% × $160,000)+ (44% × $100,000)

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3. Controlling share of consolidated net income can be determined by the following equation:

a $620,000- ($160,000 × 30%)

b $620,000- ($160,000 × 30%)- ($100,000 × 20%)

c $620,000- ($160,000 × 30%)- ($100,000 × 20%)- ($100,000 × 30% × 90%)

d $620,000- ($160,000 × 30%)- ($100,000 × 44%)