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Help 0 Save & Exit 5 Co. acquired 70% of G Co for $525.000 on December 31, 2019 when G Co's book value was $580,000.

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Help 0 Save & Exit 5 Co. acquired 70% of G Co for $525.000 on December 31, 2019 when G Co's book value was $580,000. The G Co stock was not actively traded. On the date of acquisition, G Co had equipment (with a ten-year life) that was undervalued in the financial records by $170,000. One year later, the two companies provided the selected amounts shown below. Additionally, no dividends have been paid. 38 Current assets Equipment Buildings Liabilities Revenues Expenses Investment income S Co. G Co. Book Book Fair Value Value Value $912,000 $430,000 $458,000 371,000 290,000 450,000 584,000 210,000 210,000 (564,000) (238,000) (238,000) (1,320,000) (570,000) 740,000 410,000 Not Given What is the noncontrolling interest's share of the Satosidiary's net income for the year ended December 31. 20202

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