X Corporation owns 30% of the voting common shares of Y Corporation. Non- controlling interest wasassigned $24,000

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X Corporation owns 30% of the voting common shares of Y Corporation. Non- controlling interest wasassigned $24,000 of income in the 2009 consolidated incomeI statement.

What amount of net income from Ydid it Corporation report for the year?

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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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Posted Date: May 06, 2023 06:05 AM

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X Corporation owns 30% of the voting common shares of Y Corporation. Non- controlling interest wasassigned $24,000

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Since X Corporation owns 30 of the voting common shares of Y Corporation it has a 70 noncontro... View the full answer

Canadian Income Taxation Planning And Decision Making

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