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Presented below are certain account balances of Oriole Products Co. Rent revenue $6,520 Sales discounts $8,240 Interest expense 13,460 Selling expenses 99,440 Beginning retained earnings
Presented below are certain account balances of Oriole Products Co. Rent revenue $6,520 Sales discounts $8,240 Interest expense 13,460 Selling expenses 99,440 Beginning retained earnings 114,900 Sales revenue 407,700 Ending retained earnings 134,130 Income tax expense 25,015 Dividend revenue 71,910 Cost of goods sold 188,927 Sales returns and allowances 12,910 Administrative expenses 75,820 Allocation to noncontrolling interest 20,040
Presented below are certain account balances of Oriole Products Co. Rent revenue Interest expense Beginning retained earnings Ending retained earnings Dividend revenue Sales returns and allowances Allocation to noncontrolling interest $6,520 13,460 114,900 134,130 71,910 12,910 20,040 Sales discounts Selling expenses Sales revenue Income tax expense Cost of goods sold Administrative expenses $8,240 99,440 407,700 25,015 188,927 75,820 From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Oriole has allocation to noncontrolling interest of $20,040. (a) Total net revenue (b) Net income (c) Income attributable to controlling stockholders & Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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