Net income under acquisition and equity method

Why is net income the same under both methods if you have to consolidate 100% of the income statement lines for the acquisition method but only a percentage under the equity method?

Because under the Acquisitons method you will deduct the non-controlling interest from Net Income. So if they report $100 in net income, and you own 60% of the company, you’ll report a line item of -40 non controlling interest in the Income Statement, and thus you’re only realizing $60 of their net income, as you should

Oops… double post