Alder Corporation holds 80 percent of Beech, which, in turn, owns 80 percent of Cherry.

| November 9, 2018

Alder Corporation holds 80 percent of Beech, which, in turn, owns 80 percent of Cherry.Separate operating income figures (excluding investment income) and unrealized upstreamgains included in the income for the current year follow: Alder Beech CherrySeparate operating income . . . . . . . . . . . . . . . . . . . . . $525,000 $315,000 $280,000Unrealized gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . –0– 19,000 50,000What is the total noncontrolling interest share of consolidated net income?a. $105,200 .b. $119,000 .c. $142,000 .d. $163,800Marc, Inc., owns 75 percent of SRS Company. During the current year, SRS reported net income of $415,000 but paid a total cash dividend of only $110,000. What deferred income tax liability must be recognized in the consolidated balance sheet? Assume the tax rate is 40 percent. a. $25,380 .b. $18,300 .c. $22,140 .d. $41,340 .

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