A company has reported noncontrolling interests in the latest financial reports, as follows: Net income attributable to NCI Noncontrolling interest in shareholders' equity 772.0 11,556.0 Dividends paid on noncontrolling interests in the CFS 193.0 If net income attributable to NCI grows by 8.0% and the NCI dividend pay-out ratio is 16.0% then what will be reported, in the next balance sheet, for NCI?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 21E
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A company has reported noncontrolling interests in the latest financial reports,
as follows:
Net income attributable to NCI
Noncontrolling interest in shareholders' equity
772.0
11,556.0
Dividends paid on noncontrolling interests in the CFS
193.0
If net income attributable to NCI grows by 8.0% and the NCI dividend pay-out
ratio is 16.0% then what will be reported, in the next balance sheet, for NCI?
Select one:
12,196.8
12,123.0
12,256.4
12,135.0
Transcribed Image Text:A company has reported noncontrolling interests in the latest financial reports, as follows: Net income attributable to NCI Noncontrolling interest in shareholders' equity 772.0 11,556.0 Dividends paid on noncontrolling interests in the CFS 193.0 If net income attributable to NCI grows by 8.0% and the NCI dividend pay-out ratio is 16.0% then what will be reported, in the next balance sheet, for NCI? Select one: 12,196.8 12,123.0 12,256.4 12,135.0
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