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ABC Co. acquired 60% of DEF Corp. by paying $240,000 cash. There is no active trading market for ABC Corp. At the time of the
ABC Co. acquired 60% of DEF Corp. by paying $240,000 cash. There is no active trading market for ABC Corp. At the time of the acquisition, the book value of ABC's net assets was $300,000.
What amount should have been assigned to the non-controlling interest immediately after the combination?
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