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Determine the amount of separate operating income

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Question - Potter Corporation and its subsidiary reported consolidated net income of $164,300 for 20X2. Potter owns 70 percent of the common shares of its subsidiary, acquired at book value. Non-controlling interest was assigned income of $9,000 in the consolidated income statement for 20X2. Determine the amount of separate operating income reported by Potter for 20X2.

Reference no: EM132776151

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