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Business, 29.10.2019 23:31, baylabrown
Dane, inc., owns carlton corporation. for the current year, dane reports net income (without consideration of its investment in carlton) of $216,000 and the subsidiary reports $98,500. the parent had a bond payable outstanding on january 1, with a carrying amount of $230,000. the subsidiary acquired the bond on that date for $208,500. during the current year, dane reported interest expense of $23,760 while carlton reported interest income of $22,860, both related to the intra-entity bond payable. what is consolidated net income?
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Dane, inc., owns carlton corporation. for the current year, dane reports net income (without conside...
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