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Presented below are certain account balances of Sheffield Products Co. Rent revenue $6,500 Sales discounts Interest expense 12,870 Selling expenses $8,030 99.580 404,500 24.806 Beginning
Presented below are certain account balances of Sheffield Products Co. Rent revenue $6,500 Sales discounts Interest expense 12,870 Selling expenses $8,030 99.580 404,500 24.806 Beginning retained earnings 114,600 Sales revenue Ending retained earnings 134,120 Income tax expense Dividend revenue 71,740 Cost of goods sold 187.184 Administrative expenses 86,040 Sales returns and allowances Allocation to noncontrolling interest 12,620 19.560 From the foregoing, compute the following: (a) total net revenue. (b) net income, (c) income attributable to controlling stockholders, if Sheffield has allocation to noncontrolling interest of $19.560. (a) Total net revenue (b) Net income (c) Income attributable to controlling stockholders 5
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