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Exercise 4-3 Presented below are certain account balances of Whispering Products Co. Rent revenue Sales discounts Interest expense Selling expenses Sales revenue Beginning retained earnings
Exercise 4-3 Presented below are certain account balances of Whispering Products Co. Rent revenue Sales discounts Interest expense Selling expenses Sales revenue Beginning retained earnings Ending retained earnings Dividend revenue $6,630 13,140 114,660 134,740 71,540 12,760 $7,900 99,730 402,100 28,204 177,459 90,150 Income tax expense Cost of goods sold Administrative expenses Sales returns and allowances From the foregoing, compute the following: (a) total net revenue using single-step income statement, (b) net income, (c) income attributable to controlling stockholders, if Whispering has allocation to noncontrolling interest of $18,920. (a) Total net revenue $ (b) Net income $ (c) Income attributable to controlling stockholders $
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