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nartzi Company purchased a 90% interest in Liang Company on January 1 of the current year. Benartzi Company had $840,000 net income for the current year before recognizing its share of Liang Compa mpany had net income of $210,000 for the year, what is the consolidated net income for the year? How would it be presented? te: Do not use negative signs with any of your answers. enartzi Company consolidated net income et income attributable to noncontrolling interests $

nartzi Company purchased a 90% interest in Liang Company on January 1 of the current year. Benartzi Company had $840,000 net income for the current year before recognizing its share of Liang Compa mpany had net income of $210,000 for the year, what is the consolidated net income for the year? How would it be presented? te: Do not use negative signs with any of your answers. enartzi Company consolidated net income et income attributable to noncontrolling interests $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Computing Consolidated Net Income Benartzi Company purchased a 90% interest in Liang Company on January 1 of the current year. Benartzi Company had $840,000 net income for the current year before recognizing its share of Liang Company's net income. If Liang Company had net income of $210,000 for the year, what is the consolidated net income for the year? How would it be presented? Note: Do not use negative signs with any of your answers. Benartzi Company consolidated net income Net income attributable to noncontrolling interests Net income attributable to Benartzi Co. shareholders $ $
Transcribed Image Text:Computing Consolidated Net Income Benartzi Company purchased a 90% interest in Liang Company on January 1 of the current year. Benartzi Company had $840,000 net income for the current year before recognizing its share of Liang Company's net income. If Liang Company had net income of $210,000 for the year, what is the consolidated net income for the year? How would it be presented? Note: Do not use negative signs with any of your answers. Benartzi Company consolidated net income Net income attributable to noncontrolling interests Net income attributable to Benartzi Co. shareholders $ $
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