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Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
Edition 12ISBN: 978-0077862220Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
Edition 12ISBN: 978-0077862220 Exercise 40
Alder Corporation holds 80 percent of Beech, which, in turn, owns 80 percent of Cherry. Operating income figures (excluding investment income) and unrealized upstream gains included in the income for the current year follow:
What is the noncontrolling interest's share of consolidated net income
a. $105,200.
b. $119,000.
c. $142,000.
d. $163,800.
What is the noncontrolling interest's share of consolidated net income
a. $105,200.
b. $119,000.
c. $142,000.
d. $163,800.
Explanation
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A Corporation owns 80% of the voting sto...
Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik
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