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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Advanced Accounting

ISBN: 978-0133451863

12th edition

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

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Question Posted: Nov 04, 2016 02:47 AM

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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

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Advanced Accounting

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