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Jones, Inc paid $2570000 to purchase 100% of the common stock of Atlanta Corp. on January 1, 2012.
Atlanta's reported earnings for 2012 totaled $196000. In addition, Atlanta Corp. paid $100000 in dividends during the year.
The amortization related to Jones' investment in Atlanta was $29000 per year. Jones' net income, not including the income from the investment, was $1290000 and it paid dividends of $250000 during the year.
On the consolidated financial statements, what amount should be shown for "Consolidated Net Income" for 2012?
current information on mondavi and constellation brands can be found in the lrc database mergent online.1. discuss the
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jackson company recorded the following cash transactions for the year paid 135000 for salaries. paid 60000 to rent and
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