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Hot Inc . owns 60 % of Cold Inc, which it purchased on January 1, 2012 for $540,000 . The fair value of the non
Hot Inc . owns 60 % of Cold Inc, which it purchased on January 1, 2012 for $540,000 . The fair value of the non -controlling interest on that date was $300,000 . On that date, Cold's Retained Earnings...
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