Controlling Interest, Upstream Sales Refer to Exercise 6-4. Using the same figures, assume that the merchandise mentioned

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 Controlling Interest, Upstream Sales Refer to Exercise 6-4. Using the same figures, assume that the merchandise mentioned was included in Pearce’s inventory, having been purchased from Searl. LO5 Required:
Calculate the controlling interest in combined net income for 2004 and 2005.

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Advanced Accounting

ISBN: 9780471218524

2nd Edition

Authors: Debra C. Jeter, Paul Chaney

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