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Presented below are certain account balances of Oriole Products Co. From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income
Presented below are certain account balances of Oriole Products Co.
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.
Exercise 4-03 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 A (b) Net income A (c) Income attributable to controlling stockholders AStep by Step Solution
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