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In: Accounting

Presented below are certain account balances of Metlock Products Co. Rent revenue $6,600 Sales discounts $8,180...

Presented below are certain account balances of Metlock Products Co.

Rent revenue

 $6,600

Sales discounts

 $8,180

Interest expense

 13,180

Selling expenses

 99,820

Beginning retained earnings

 114,440

Sales revenue

 407,300

Ending retained earnings

 134,540

Income tax expense

 28,592

Dividend revenue

 71,890

Cost of goods sold

 186,293

Sales returns and allowances

 12,470

Administrative expenses

 90,580
Allocation to noncontrolling interest 18,440


From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Metlock has allocation to noncontrolling interest of $18,440.

(a) Total net revenue
(b) Net income
(c) Income attributable to controlling stockholders

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ekkarill92 answered 7 months ago
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