Business, 18.07.2020 21:01 218219

Peta Corporation and its subsidiary reported consolidated net income of $320,000 for the year ended December 31, 20X8. Peta owns 80 percent of the common shares of its subsidiary, acquired at book value. Noncontrolling interest was assigned income of $30,000 in the consolidated income statement for 20X8. What is the amount of separate operating income reported by Peta for the year?

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Peta Corporation and its subsidiary reported consolidated net income of $320,000 for the year ended...

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