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Walmart Inc. acquired 75% of Flipkart Group's outstanding shares on January 1, 20X1, for $20 billion. Flipkart Group reported a net income of $2 billion
- Walmart Inc. acquired 75% of Flipkart Group's outstanding shares on January 1, 20X1, for $20 billion. Flipkart Group reported a net income of $2 billion for the year ended December 31, 20X1. Prepare a consolidated income statement for Walmart Inc. and its subsidiary Flipkart Group for the year ended December 31, 20X1, including separate line items for non-controlling interests.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
978-0470161012
