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On Apr 1, Pujols, Inc., exchanges 5653,500 for 70 percent of the outstanding stock of Ramirez Corporation. The remaining 30 percent of the outstanding shares
On Apr 1, Pujols, Inc., exchanges 5653,500 for 70 percent of the outstanding stock of Ramirez Corporation. The remaining 30 percent of the outstanding shares continued to trade at a collective for value of $230,100. Ramirez's identifiable assets and mobilities each had book values that equaled their fair values on April for a net total of 5715,000, During the remainder of the year, Ramirez generates revenues of $10,000 and expenses of $453.000 ond declared no dividends. On a December 31 consolidated balance sheet, what amount should be reported as noncontrolling interest? Multiple Choice 3307.2002 577925 5357170 5291,600
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