Maple Corporation and its subsidiary reported consolidated net income of $380,000 for the year ended December 31, 20X5. Maple owns 75% of the common shares of its subsidiary, acquired at book value. Noncontrolling interest was assigned income of $25,000 in the consolidated income statement for 20X5. What is the amount of separate operating income reported by Maple for the year

$280,000

Explanation:

Maple owns 75% of the subsidiary and the Non controlling interest which owns 25% in the subsidiary was assigned an income of $25,000 from the subsidiary.

The income of the subsidiary is;

0.25x = 25,000

x = 25,000/0.25

x= $100,000

If both Maple and the subsidiary reported $380,000, Maple's separate income is;

= 380,000 - 100,000

= $280,000

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.