What is consolidated net income for phoenix and sedona, Accounting Basics

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What is consolidated net income for phoenix and sedona

Problem

a) What is consolidated net income for Phoenix and Sedona for 2021?

b) What is Phoenix's consolidated retained earnings balance at December 31, 2021?

c) On its December 31, 2021, consolidated balance sheet, what amount should Phoenix report for Sedona's customer list?

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Accounting Basics: What is consolidated net income for phoenix and sedona

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Accounting Basics: What is consolidated net income for phoenix and sedona

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