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Parent has separate operating income of $100,000. Its 90% owned sub had net income of $20,000. During the year, the sub sold the parent land
Parent has separate operating income of $100,000. Its 90% owned sub had net income of $20,000. During the year, the sub sold the parent land that cost $10,000 for $15,000. The parent still has the land at the end of the year. How much would be the Controlling Interest in consolidated income? 115,000122,500113,500100,000 Question 17 2 pts Parent has separate operating income of $100,000. Its 90% owned sub had net income of $50,000. On Jan 1 of the current year, the sub sold the parent equipment that cost $60,000, had a book value of $40,000 for $55,000. There was 5 years remaining life, and the parent used straightline with zero salvage. The parent used the equipment during the year. How much would be the NCl in NI for the year
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