X Corporation owns 80 percent of Y Corporation's common stock and 40 percent of Z Corporation's common stock. Additionally, Y Corporation owns 35 percent of Z Corporation's common stock. The acquisitions were made at book values. The following information is available for 20X8: XYZOperating Income$100,000 $50,000 $25,000 Dividends declared 30,000 20,000 10,000 Based on the information provided, what amount of income will be assigned to the noncontrolling interest in the 20X8 consolidated income statement?
A. $33,750
B. $18,000
C. $23,750
D. $25,000
Answer: B
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Fill in the blank(s) with the appropriate word(s).
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