Consolidated Net Income

I have heard that maybe there is something confusing regarding Consolidated NI in the study guide - since I do not have it with me, I am not sure what exactly, but it is important that you understand this concept. I think the most clear explanation of Consolidated NI is on p. 153, 7th bullet point. Also note that under the purchase method, Consolidated NI was equal to parent's NI, and now under the acquisition method, the parent's NI will be equal to the portion of Consolidated NI that is allocated to the Controlling Interest. Please let me know if you have questions about this. I mentioned this in class, but also see the proper presentation on p. 158.