Homework Answers
| Correct option is C. | $ 15,750 |
| Income from smackem | $ 12,600 |
| Add: Non-controlling interest share | $ 3,150 |
| Smackem's separate income statement must have reported net income of | $ 15,750 |
| Alternative method | |
| Income from smackem | $ 12,600 |
| Divided by: controlling interest percentage | 80% |
| Smackem's separate income statement must have reported net income of | $ 15,750 |
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