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HealthCare Plus provided the following earnings information for its consolidated operations: HealthCare Plus reported net incomes of 400,000 for the parent hospital, 150,000 for Subsidiary
HealthCare Plus provided the following earnings information for its consolidated operations:
HealthCare Plus reported net incomes of £400,000 for the parent hospital, £150,000 for Subsidiary A, and £100,000 for Subsidiary B.
Requirements:
- Compile a consolidated income statement for HealthCare Plus for the year ended 31 December 2021.
- Calculate the percentage contribution of each subsidiary to the total consolidated net income.
- Evaluate the overall financial performance of HealthCare Plus based on the consolidated earnings.
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