Question

Arnold Corporation holds 70 percent of Belvista, which, in turn, owns 70 percent of Stang. Separate...

Arnold Corporation holds 70 percent of Belvista, which, in turn, owns 70 percent of Stang. Separate operating income figures (excluding investment income) and intra-entity upstream gains (on assets remaining within the consolidated group) included in the income for the current year follow:

Arnold Belvista Stang
Separate operating income $ 625,000 $ 305,000 $ 240,000
Intra-entity gains 0 18,000 50,000

What is the amount of consolidated net income attributable to the noncontrolling interest?

a.163500

b.143100

c.213900

d.183000

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