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Determine the amount of separate operating income reported

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Reference no: EM132722022

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. Noncontrolling interest was assigned income of $9,000 in the consolidated income statement for 20X2.

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Problem 1: Determine the amount of separate operating income reported by Potter for 20X2.

Reference no: EM132722022

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