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X Co owns 75% of the common shares of Y Co.Non-controlling interest was assigned $24,000 of income in the 2019 consolidated income statement.What amount of
X Co owns 75% of the common shares of Y Co.Non-controlling interest was assigned $24,000 of income in the 2019 consolidated income statement.What amount of net income from Y did X Corporation reports for the year?
Select one:
a. 65,000
b. 96,000
c. 72,000
d. 75,000
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Financial Accounting Longman Modular Texts In Business And Economics
Authors: Christopher Waterston, Anne Britton
2nd Edition
058238169X, 978-0582381698
