Question
Maple Corporation and its subsidiary reported consolidated net income of $380,000 for the year ended December 31, 2015. Maple owns 75% of the common shares
Maple Corporation and its subsidiary reported consolidated net income of $380,000 for the year ended December 31, 2015. Maple owns 75% of the common shares of its subsidiary, acquired at book value. Non-controlling interest was assigned income of $25,000 in the consolidated income statement for 2015. What is the amount of separate operating income reported by Maple for the year?
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Wiley CIA Essentials Of Internal Auditing Part 1 Exam Review 2023
Authors: S. Rao Vallabhaneni
1st Edition
1119987148, 978-1119987147
