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Adison Co. acquired 70% of the common stock of Snider Corp. on September 1, 2014. For 2014, Snider reported revenues of $910,000 and expenses of
Adison Co. acquired 70% of the common stock of Snider Corp. on September 1, 2014. For 2014, Snider reported revenues of $910,000 and expenses of $730,000, all reflected evenly throughout the year. The annual amount of amortization related to this acquisition was $20,000. What is the amount of net income to the controlling interest for 2014?
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