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Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng
Edition 11ISBN: 978-0538480284Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng
Edition 11ISBN: 978-0538480284 Exercise 22
Company P has internally generated net income of $250,000 (excludes share of subsidiary income). Company P has 100,000 shares of outstanding common stock. Subsidiary Company S has a net income of $60,000 and 40,000 shares of outstanding common stock. What is consolidated basic EPS, if:
a. Company P owns 100% of the Company S shares?
b. Company P owns 80% of the Company S shares?
a. Company P owns 100% of the Company S shares?
b. Company P owns 80% of the Company S shares?
Explanation
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Verified
b)Company P owns 80% of the company S's ...
Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng
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