Consolidated net income of ($ 164,300) was reported for (20 mathrm{X} 2) by Tally Corporation and its
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Consolidated net income of \(\$ 164,300\) was reported for \(20 \mathrm{X} 2\) by Tally Corporation and its subsidiary. Tally had purchased 60 percent of the common shares of its subsidiary at underlying book value. Noncontrolling interest was assigned income of \(\$ 15.200\) in the consolidated income statement for \(20 \mathrm{X} 2\).
\section*{Required}
Determine the amount of separate operating income reported by Tally Corporation for 20X2.
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Advanced Financial Accounting
ISBN: 9780072444124
5th Edition
Authors: Richard E. Baker, Valdean C. Lembke, Thomas E. King
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