Delta corporation owns 90 percent of sigma company, and sigma owns 90 percent of pi, inc., all of which are domestic corporations. there are no excess amortizations associated with any of the acquisitions. information for the three companies for the year ending december 31, 2018 follows:
delta sigma pi
separate company net income $ 600,000 $ 400,000 $ 200,000
intra-entity gross profits on
transfers of inventory which 24,000 0 8,000
remain with the buyer at the reporting
date and are included in
operating income above
required :
what is the total net income attributable to the noncontrolling interest for 2018?

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.