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18)S Co an 80%-owned subsidiary of P Co,sold inventory items to its parent at a $48,000 loss in 2014. P resold one third of this
18)S Co an 80%-owned subsidiary of P Co,sold inventory items to its parent at a $48,000 loss in 2014. P resold one third of this inventory to outside entities. S reported net income of $200,000 for 2014.Noncontrolling interest share of consolidated net income that will appear in the income statement for 2014 is
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