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    Advanced Accounting Study Set 12
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    Exam 4: Consolidated Financial Statements and Outside Ownership
  5. Question
    Consolidated Net Income Represents the Combined Net Income of the Parent
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Consolidated Net Income Represents the Combined Net Income of the Parent

Question 7

Question 7

True/False

Consolidated net income represents the combined net income of the parent and subsidiary after subtracting the noncontrolling interest in the net income of the subsidiary.

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