Presented below are certain account balances of Splish Products Co.Rent revenue $6,810 Sales discounts $8,080Interest expense 13,280 Selling expenses 99,900Beginning retained earnings 114,710 Sales revenue 404,200Ending retained earnings 134,920 Income tax expense 26,028Dividend revenue 71,170 Cost of goods sold 200,378Sales returns and allowances 12,960 Administrative expenses 79,380Allocation to noncontrolling interest 20,680 From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Splish has allocation to noncontrolling interest of $20,680.(a) Total net revenue $enter total net revenue in dollars(b) Net income $enter net income in dollars(c) Income attributable to controlling stockholders $enter income attributable to controlling stockholders in dollars

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Description: Presented below are certain account balances of Splish Products Co.Rent revenue $6,810 Sales discounts $8,080Interest expense 13,280 Selling expenses 99,900Beginning retained earnings 114,710 Sales revenue 404,200Ending retained earnings 134,920 Inco

Formulas; Total Net revenue = (Gross sales - Sales discounts, returns and allowances) + Other…

Answered: Presented below are certain account…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Presented below are certain account balances of Splish Products Co.

Rent revenue	$6,810	Sales discounts	$8,080
Interest expense	13,280	Selling expenses	99,900
Beginning retained earnings	114,710	Sales revenue	404,200
Ending retained earnings	134,920	Income tax expense	26,028
Dividend revenue	71,170	Cost of goods sold	200,378
Sales returns and allowances	12,960	Administrative expenses	79,380
Allocation to noncontrolling interest	20,680

From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Splish has allocation to noncontrolling interest of $20,680.

(a)	Total net revenue	$enter total net revenue in dollars
(b)	Net income	$enter net income in dollars
(c)	Income attributable to controlling stockholders	$enter income attributable to controlling stockholders in dollars

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