Q3 Mokhasimbe Limited owns 90% of Mphahlele Limited which in turn owns 80% of Nethengwe Limited. Nethengwe Limited owns 100% of Msoma Limited. Consolidated financial statements should be prepared to report the financial status and results of operations for: Select one: a. Mokhasimbe Limited b. Mokhasimbe Limited and Mphahlele Limited c. Mokhasimbe Limited, Mphahlele Limited and Nethengwe Limited d. Mokhasimbe Limited, Mphahlele Limited, Nethengwe Limited and Msoma Limited

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Computing the noncontrolling interests equity balance Assume the following facts relating to an 90% owned subsidiary company:   BOY stockholders’ equity $900,000 BOY AAP assets 117,000 Net income of subsidiary (not including [A] asset depreciation and amortization) 216,000 AAP assets depreciation and amortization expense 36,000 Dividends declared and paid by subsidiary 18,000   b. Compute the amount reported as noncontrolling equity at the end of the year. $Answer