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On January 1 Year 6. AB Inc purchased 80 percent of the common shares of CD Corp. for $1.400,000. On the date of acquisition, CD's

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On January 1 Year 6. AB Inc purchased 80 percent of the common shares of CD Corp. for $1.400,000. On the date of acquisition, CD's shareholders equity was as follows: Common shares $600.000 Retained earnings $608,000 Any acquisition differential was allocated to goodwill. During Year 6, CD earned a net income of $400,000 and paid dividends of $300,000. On December 31, Yoar 6, a goodwill impairment loss of $30.000 was recorded What is consolidated net income attributable to the non-controlling interest on the consolidated income statement for the year ended December 31 Year 67

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