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X Corporation owns 80% of the voting common shares of Y Corporation. Non-controlling interest was assigned $24,000 of income in the 2009 consolidated income statement.
X Corporation owns 80% of the voting common shares of Y Corporation. Non-controlling interest was assigned $24,000 of income in the 2009 consolidated income statement. What amount of net income from Y did X Corporation report for the year? Select one: a. 120,000 b. 96,000 c. 130,000 d. 150,000
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Principles Of Auditing An Introduction To International Standards On Auditing
Authors: Rick Stephan Hayes, Roger Dassen, Arnold Schilder, Philip Wallage
2nd Edition
0273684108, 978-0273684107
