Question
Presented below is information related toNashCompany at December 31, 2020, the end of its first year of operations. Sales revenue $306,410 Cost of goods sold
Presented below is information related toNashCompany at December 31, 2020, the end of its first year of operations.
Sales revenue
$306,410
Cost of goods sold
144,660
Selling and administrative expenses
52,300
Gain on sale of plant assets
31,480
Unrealized gain on available-for-sale debt securities
9,310
Interest expense
5,620
Loss on discontinued operations
11,680
Allocation to non-controlling interest
38,340
Dividends declared and paid
4,690
Compute the following at December 31, 2020. (Ignore income taxes.)
(1)Income from operations
(2)Net income attributable toNashCompany controlling shareholders
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