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What is the consolidated net income

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Question - Bedford Company purchased a 90% interest in Midway Company on January 1 of the current year, and the purchase price reflected 90% of Midway's book value equity. Bedford Company had $400,000 net income for the current year before recognizing its share of Midway Company's net income. If Midway Company had $90,000 for the year, what is the consolidated net income attributable to Bedford shareholders for the year?

Reference no: EM132834381

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