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3. 80% Controlling: investor (now a parent) merges investees (now a subsidiary) nominal accounts with its own amounts. -Question -What is the parents net income

3. 80% Controlling: investor (now a parent) merges investees (now a subsidiary) nominal accounts with its own amounts. -Question -What is the parents net income if it owns 100% of interest of the subsidiary? -What is non-controlling interest and what is controlling interest in this case?

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