It seems as if consolidated net income is always less than the sum of the parents and

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It seems as if consolidated net income is always less than the sum of the parent’s and subsidiary’s separately calculated net incomes. Is it possible that the consolidated net income of the two affiliated companies could actually exceed the sum of their individual net incomes?

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Advanced Accounting

ISBN: 9780470087367

9th Edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

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