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On January 1, 2018, Jane Company acquired 80% of Miller Company's outstanding common stock for $340,000 cash. Miller reported net income $40,000 and paid dividends
On January 1, 2018, Jane Company acquired 80% of Miller Company's outstanding common stock for $340,000 cash. Miller reported net income $40,000 and paid dividends during the year $10,000. What amount of Non controlling share will be reported in consolidated balance sheet for December 31, 2018? a. $100,000 O b. $80,000 c. $91,000 d. $85,000 Step by Step Solution
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Financial Accounting
Authors: David Spiceland, Wayne Thomas, Don Herrmann
4th edition
1259307956, 978-1259307959
