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Differences between upstream and downstream sales in determining consolidated net income and the controlling and noncontrolling...

Differences between upstream and downstream sales in determining consolidated net income and the controlling and noncontrolling interest in consolidated income?

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Although there is no difference between upstream and downstream sales in determining consolidated income. But the controlling and non-controlling interests impacts in different approach. For downstream sales, the elimination of intercompany gains and subsequent depreciation adjustments will affect only the controlling interest. Conversely in upstream sales, the adjustments need to be made to the subsidiary income, and hence impacts both the non-controlling and controlling interests in their proportion of subsidiary ownership

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