Midwest Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $
1 answer:
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Answer: 1. $818,000
2. Check attachment
Explanation:
1. The amounts that will be reported for consolidated net income will be $818,000.
(2) Note that for the net income attributable to the non-controlling interest, respectively, in the parent's consolidated financial statements was calculated as:
= ($144,000 - $46,000) × 30%
= $98,000 × 0.3
= $29400
Kindly check the attachment for more analysis.
