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Kenzie Company acquired 7 0 % of McCready Company on January 1 , 2 0 2 4 . During 2 0 2 4 , Kenzie
Kenzie Company acquired of McCready Company on January During Kenzie made several sales of inventory to McCready. The cost and sales price of the goods were $ and $ respectively. McCready still owned onefourth of the goods at the end of Consolidated cost of goods sold for was $ due to a consolidating adjustment for intraentity transfers less intraentity gross profit in McCreadys ending inventory.
How would net income attributable to the noncontrolling interest be different if the transfers had been for the same amount and cost, but from McCready to Kenzie?
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