Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Exercise 28

Able Company owns 70 percent of the outstanding voting stock of Baker Company, which, in turn, holds 80 percent of Carter Company.Carter possesses 60 percent of Dexter Company's capital stock.How much income actually accrues to the consolidated entity from each of these companies after considering the various noncontrolling interests