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Exercise 4-3 Presented below are certain account balances of Tamarisk Products Co. Rent revenue Interest expense Beginning retained earnings Ending retained earnings Dividend revenue Sales
Exercise 4-3 Presented below are certain account balances of Tamarisk Products Co. Rent revenue Interest expense Beginning retained earnings Ending retained earnings Dividend revenue Sales returns and allowances $6,730 12,850 114,710 134,680 71,480 12,450 Sales discounts Selling expenses Sales revenue Income tax expense Cost of goods sold Administrative expenses $8,240 99,770 407,100 28,211 184,929 81,540 From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Tamarisk has allocation to noncontrolling interest of $18,760. (a) Total net revenue (b) Net income (c) Income attributable to controlling stockholders
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