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On January 1, 2023, Penn Company acquired 90% of Senn Company's ownership for $180,000 cash. At that data. the fair value of the noncontrolling inteterst

image text in transcribed On January 1, 2023, Penn Company acquired 90% of Senn Company's ownership for $180,000 cash. At that data. the fair value of the noncontrolling inteterst was $20.000. The book value of Senn combanv's net assets was $150.000

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