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Discuss how the existence of noncontrolling interest (NCI) affects the following: 1. Consolidating entries immediately after the combination 2. Consolidating entries years subsequent to the

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Discuss how the existence of noncontrolling interest (NCI) affects the following: 1. Consolidating entries immediately after the combination 2. Consolidating entries years subsequent to the combination 3. The format of the income statement on the consolidation work sheet 4. The format of the balance sheet on the consolidation work sheet

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