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P Company owns 9 0 % of the outstanding capital stock of S Company. During 2 0 1 9 and 2 0 2 0 S
P Company owns of the outstanding capital stock of S Company. During and S Company sold merchandise to P Company at a markup of of selling price. The selling price of the merchandise sold during the two years was $ and $ respectively. At the end of each year, P Company had in its inventory onefourth of the goods purchased that year from S Company. S Company reported net income of $ in and $ in
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Determine the amount of the noncontrolling interest in consolidated income to be reported for and
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