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Computing Consolidated Net Income Benartzi Company purchased a 90% interest in Liang Company on January 1 of the current year. Benartzi Company had $840,000
Computing Consolidated Net Income Benartzi Company purchased a 90% interest in Liang Company on January 1 of the current year. Benartzi Company had $840,000 net income for the current year before recognizing its share of Liang Company's net income. If Liang Company had net income of $210,000 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 Net income attributable to noncontrolling interests $ Net income attributable to Benartzi Co. shareholders $ Note: Use a negative sign with your answer, when appropriate.
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