Pat Corporation owns 80% of the stock of Sam Corporation, and Sam Corporation owns 70% of the

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Pat Corporation owns 80% of the stock of Sam Corporation, and Sam Corporation owns 70% of the stock of ' Stan Corporation. Separate earnings of Pat, Sam, and Stan are $100,000, $80,000, and $50,000, respectively.

Compute consolidated net income and noncontrolling interest expense under two different approaches.AppendixLO1

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