Business, 17.06.2020 05:57 BlueDiamond4820

Prescott Corp. owned 90% of Bell Inc., while Bell owned 10% of the outstanding common shares of Prescott. No goodwill or other allocations were recognized in connection with either of these acquisitions. Prescott reported operating income of $266,000 for 2013 whereas Bell earned $98,000 during the same period. No investment income was included within either of these income totals. On a consolidated income statement, what is the non-controlling interest in Bell's net income?

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Prescott Corp. owned 90% of Bell Inc., while Bell owned 10% of the outstanding common shares of Pres...

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