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Pabari Corporation owns an 8 0 % interest in Alders Corporation and Alders owns a 6 0 % interest in Babao Corporation. Both interests were
Pabari Corporation owns an interest in Alders Corporation and Alders owns a interest in Babao Corporation. Both interests were acquired at a cost equal to book value equal to fair value. During Alders sells land to Babao at a profit of $ Babao still holds the land at December Net incomeloss of the three companies excluding investment income for are:
Pabari Corporation $
Alders Corporation $
Babao Corporation $
Controlling interest share of consolidated net income and noncontrolling interest share, respectively, for are
Group of answer choices
$ and $
$ and $
$ and $
$ and $
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