Question
Yawar Corporation owns 60 percent of the voting common shares of Zaidi Corporation. Noncontrolling interest was assigned $30,000 of income in the 20X9 consolidated income
Yawar Corporation owns 60 percent of the voting common shares of Zaidi Corporation. Noncontrolling interest was assigned $30,000 of income in the 20X9 consolidated income statement. What amount of net income did Yawar Corporation (CI) report for the year? a. $30,000 b. $45,000 c. $50,000 d. $75,000
I know how to get Zaidi Corporation's net income but I don't know how to get Yawar Corporation's net income.
thank you
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Cost Accounting A Managerial Emphasis
Authors: Srikant M. Datar, Madhav V. Rajan, Charles T. Horngren, Louis Beaubien, Chris Graham
7th Canadian Edition
133138445, 978-0133926330, 133926338, 978-0133138443
