Question: QUESTION5 Not complete Marked out of 1.00P Flag question Computing Consolidated Net Income Benartzi Company purchased a 90% interest in Liang Company on January 1

QUESTION5 Not complete Marked out of 1.00P Flag question Computing Consolidated

QUESTION5 Not complete Marked out of 1.00P Flag question Computing Consolidated Net Income Benartzi Company purchased a 90% interest in Liang Company on January 1 of the current year. Benartzi Company had $600,000 net income for the current year before recognizing its share of Liang Company's net income. If Liang Company had net income of $150,000 for the year, what is the consolidated net income for the year

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