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Benartzi Company purchased a 90% interest in Liang Company on January 1 of the current year. Benartzi Company had $600,000 net income for the current
Benartzi Company purchased a 90% interest in Liang Company on January 1 of the current year. Benartzi Company had $600,000 net income for the current year before recognizing its share of Liang Companys net income. If Liang Company had net income of $150,000 for the year, what is the consolidated net income for the year? How would it be presented?
Note: Do not use negative signs with any of your answers.
Benartzi Company consolidated net income | Answer |
Net income attributable to noncontrolling interests | Answer |
Net income attributable to Benartzi Co. shareholders | Answer |
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