Intercorporate Investments Pharmaceutical Corp and silicon Supplies Consolidated Income Statement Steps Income statement of silicon Supplies is combined with that of Pharmaceutical Corp 10% share of the minority interest in the net income or loss of silicon Supplies for the period is deducted from the consolidated incomer loss) and added to the minoritys interest to show the consolidated net results of operations of the total entity Any intercompany profits on sales of inventories held by the consolidated entity at year-end, along with any intercompany profits on other asset transactions, are eliminated• Income statement of Silicon Supplies is combined with that of Pharmaceutical Corp • 10% share of the minority interest in the net income or loss of Silicon Supplies for the period is deducted from the consolidated income (or loss) and added to the minority’s interest to show the consolidated net results of operations of the total entity • Any intercompany profits on sales of inventories held by the consolidated entity at year-end, along with any intercompany profits on other asset transactions, are eliminated Pharmaceutical Corp and Silicon Supplies Consolidated Income Statement Steps Intercorporate Investments