Homework answers / question archive /  Presented below are certain account balances of Sheffield Products Co

 Presented below are certain account balances of Sheffield Products Co

Accounting

Share With

 Presented below are certain account balances of Sheffield Products Co. Rent revenue $6,500 Sales discounts Interest expense 12,870 Selling expenses Beginning retained earnings 114,600 Sales revenue Ending retained earnings 134,120 Income tax expense Dividend revenue 71,740 Cost of goods sold Sales returns and allowances 12,620 Administrative expenses Allocation to noncontrolling interest 19,560 $8,030 99,580 404,500 24,806 187,184 86,040 From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Sheffield has allocation to noncontrolling interest of $19,560. (a) Total net revenue 482,740 (b) Net income (c) Income attributable to controlling stockholders LINK TO TEXT LINK TO TEXT LINK TO VIDEO