Reference no: EM132637764
Question - Presented below are certain account balances of Bonita Products Co.
Rent revenue $7,160
Sales discounts $7,980
Interest expense 12,750
Selling expenses 99,680
Beginning retained earnings 114,770
Sales revenue 400,400
Ending retained earnings 134,700
Income tax expense 27,111
Dividend revenue 71,700
Cost of goods sold 170,364
Sales returns and allowances 12,780
Administrative expenses 78,930
Allocation to noncontrolling interest 18,280
From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Bonita has allocation to noncontrolling interest of $18,280.
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