Equity method vs Acquisition - Net income

CFA Level II FRA
#1

Hi can you help understand why the equity and acquisition method gives the same net income?
There must be some part of the explanation that I didn’t catch correctly.

Parent’s company standalone is prepared using equity method → you have “equity earnings from affiliate” (mainly based on your % shares)

Acquisition method (based on 100% of the affiliate)

If there could be a quick numerical example I’d greatly appreciate!

#2

For the Acquisition method, the non-controlling interest is deducted from the “gross” Net Income.

For example, $100 in NI is reported, and you own 60% of the company. The deduction will be $ (40) non-controlling interest, leaving you with $60 to report as NI. Ergo, the same NI total as reported via the Equity method.