st of Oss E
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Determine the net income attributable to P Corporation using the information below
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Follow-up Question
What is the formula for the "Net Income attributable to P Corporation"? How did you come up with 700,000 as the answer when:
3,500,000+2,700,000+800,000-100,000 = 6,900,000
3,500,000+2,700,000+800,000 = 7,000,000
Neither does not give 700,000.
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