Question
Presented below are certain account balances of Swifty Products Co. Rent revenue $6,980 Sales discounts $8,170 Interest expense 13,320 Selling expenses 99,730 Beginning retained earnings
Presented below are certain account balances of Swifty Products Co.
Rent revenue | $6,980 | Sales discounts | $8,170 | |||
---|---|---|---|---|---|---|
Interest expense | 13,320 | Selling expenses | 99,730 | |||
Beginning retained earnings | 114,520 | Sales revenue | 405,100 | |||
Ending retained earnings | 134,450 | Income tax expense | 27,776 | |||
Dividend revenue | 71,430 | Cost of goods sold | 166,455 | |||
Sales returns and allowances | 12,730 | Administrative expenses | 88,620 | |||
Allocation to noncontrolling interest | 17,320 |
From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Swifty has allocation to noncontrolling interest of $17,320.
(a) | Total net revenue | enter total net revenue in dollars | ||
(b) | Net income | enter net income in dollars | ||
(c) | Income attributable to controlling stockholders | enter income attributable to controlling stockholders in dollars |
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