Consolidated income statement of push company, Accounting Basics

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Consolidated income statement of push company

In the consolidated income statement of Push Company and its subsidiary, Shove Corporation, the noncontrolling interest was assigned $24,000 of income for 2009. What amount of net income did Shove report for 2009 if Push owns 80 percent of Shove?

A. $144,000.

B. $120,000.

C. $30,000.

D. $19,200

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Accounting Basics: Consolidated income statement of push company

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Accounting Basics: Consolidated income statement of push company

Reference No:- TGS079268

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Accounting Basics: Consolidated income statement of push company

Reference No:- TGS079268

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