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What is consolidated net income

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Question - Bale Co. acquired Silo Inc. on October 1, 20X1, in a business combination transaction. Bale's net income for the year was $1,400,000, while Silo had net income of $400,000 earned evenly during the year. There was no goodwill and there were no other allocations.

Required: What is consolidated net income for 20X1?

Reference no: EM131793512

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