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Presented below are certain account balances of Crane Products Co. Rent revenue Interest expense Beginning retained earnings Ending retained earnings Dividend revenue Sales returns and
Presented below are certain account balances of Crane Products Co. Rent revenue Interest expense Beginning retained earnings Ending retained earnings Dividend revenue Sales returns and allowances 30 13,140 114,660 134,740 71,540 12,760 Sales discounts Selling expenses Sales revenue Income tax expense Cost of goods sold Administrative expenses $7,900 99,730 402,100 28,204 177,459 90,150 $6,6 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 Crane 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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