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Disclosures: Noncontrolling interests, foreign currency 10K

Please solve this problem with 10k.
http://ir.corporate.discovery.com/phoenix.zhtml?c=222412&p=irol-irhome

1. Calculate the percentage of consolidated net income that is assigned to any non-controlling interests.
2. Calculate the percentage claim on assets that the non-controlling interest has in the company.
3. Identify the cumulative translation adjustment recorded on the consolidated financial statements.
4. Explain how foreign currency fluctuations have affected the company's results of operations. Include specific evidence to support your answer.

Solution Preview

1. Calculate the percentage of consolidated net income that is assigned to any non-controlling interests.

2/945 = .0021164 or .2% See statement attached for amounts circled (page down)

2. Calculate the percentage claim on assets that the non-controlling interest has in the company.

$2 / $12,930 = .0001546 or .02% See statement attached for amounts circled (page down)

3. Identify the cumulative ...

Solution Summary

Attached are screen shots of the relevant pages with the amounts circled for you and commentary to respond to the questions.

$2.19