ADVANCED ACCOUNTING
ADVANCED ACCOUNTING
12th Edition
ISBN: 9780357671221
Author: FISCHER
Publisher: CENGAGE L
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Chapter 4, Problem 4UTI
To determine

Determine: The amount of profit, the non-controlling interest would realize and the time when it will be awarded.

Introduction: Consolidation is a process in which financial statements of subsidiary is merged with financial statements of the parent. In this process, effect of inter-company transactions are eliminated.

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Carry Manufacturing Inc. had a variable costing operating income of $95,200 in 2018. Ending inventory decreased during 2018 from 50,000 units to 47,000 units. During both 2017 and 2018, fixed manufacturing overhead was $900,000, and 120,000 units were produced. Determine the absorption costing operating income for 2018.
If revenue = $135 and variable cost revenue, then contribution margin = 45% of = $79.25. a. True. b. False.
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