Able Company Owns an 80% Interest in Barns Company and a 20

Multiple Choice

Able Company owns an 80% interest in Barns Company and a 20% interest in Carns Company.Barns owns a 40% interest in Carns Company.

A) ​Carn will not be included in the consolidation process
B) ​Carn will be included in the consolidation process; 20% of prior period amortizations will be distributed to Retained Earnings-Carns
C) ​Carn will be included in the consolidation process; 40% of prior period amortizations will be distributed to Retained Earnings-Carns
D) ​Carn will be included in the consolidation process; NCI will be allocated 6.4% of prior-period profits originated by Carns