Question: Frazer Corporation owns 70 percent of Messer Company s stock In

Frazer Corporation owns 70 percent of Messer Company’s stock. In the 20X9 consolidated income statement, the noncontrolling interest was assigned $18,000 of income. There was no differential in the acquisition.

Required
What amount of net income did Messer Company report for 20X9?


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  • CreatedMay 23, 2014
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