P's separate earnings are $100,000, and S's separate earnings are $40,000. P owns an 80 percent interest
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P's separate earnings are $100,000, and S's separate earnings are $40,000. P owns an 80 percent interest in S, and S owns a 10 percent interest in P. Compute the controlling share of consolidated net income?
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Related Book For
Advanced Accounting
ISBN: 978-0133451863
12th edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
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