Provided are the consolidated trial balances of a parent and its less-than-wholly-owned subsidiary. Account Dr (Cr)...
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Provided are the consolidated trial balances of a parent and its less-than-wholly-owned subsidiary. Account Dr (Cr) $5,000 105,000 10,000 80,000 (162,405) (10,000) (15,000) Current assets Property, net Intangible assets, net Goodwill Liabilities Capital stock Retained earnings, beginning Accumulated other comprehensive income, beginning Noncontrolling interest Dividends Sales revenue Cost of sales and operating expenses Other comprehensive income Noncontrolling interest in net income Noncontrolling interest in other comprehensive income Total (200) (2,500) 1,000 (400,000) 390,000 (1,000) 100 5 $0 On the consolidated statement of income and comprehensive income, consolidated net income for the year is: Select one: O a. $11,105 b. $11,000 c. $10,000 d. $10,895 O O Provided are the consolidated trial balances of a parent and its less-than-wholly-owned subsidiary. Account Dr (Cr) $5,000 105,000 10,000 80,000 (162,405) (10,000) (15,000) Current assets Property, net Intangible assets, net Goodwill Liabilities Capital stock Retained earnings, beginning Accumulated other comprehensive income, beginning Noncontrolling interest Dividends Sales revenue Cost of sales and operating expenses Other comprehensive income Noncontrolling interest in net income Noncontrolling interest in other comprehensive income Total (200) (2,500) 1,000 (400,000) 390,000 (1,000) 100 5 $0 On the consolidated statement of income and comprehensive income, consolidated net income for the year is: Select one: O a. $11,105 b. $11,000 c. $10,000 d. $10,895 O O
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Related Book For
Advanced Accounting
ISBN: 9780132568968
11th Edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
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