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XYZ Company owns 60% of its subsidiary. The subsidiary was reported to have generated $23 million in net income, while the parent company reported net
XYZ Company owns 60% of its subsidiary. The subsidiary was reported to have generated $23 million in net income, while the parent company reported net income of $143 million. If you know that the subsidiary accounts are consolidated with the parent company, then compute net income attributable to the parent company:
$133.8 million
$120 million
$166 million
$62.8 million
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