Question: Refer to Exercise 6-4. Using the same figures, assume that the merchandise mentioned was included in Pearces inventory, having been purchased from Searl. Required: Calculate

Refer to Exercise 6-4. Using the same figures, assume that the merchandise mentioned was included in Pearce’s inventory, having been purchased from Searl.

Required:

Calculate the controlling interest in consolidated net income for 2011 and 2012.

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