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Paloma acquires 90% of San Marco Co. in which there is $30,000 annual excess amortization (related to the excess of acquisition fair value acquired over
Paloma acquires 90% of San Marco Co. in which there is $30,000 annual excess amortization (related to the excess of acquisition fair value acquired over book value). If San Marco reports $280,000 in revenue and $200,000 of expenses, how much is the noncontrolling interest share of San Marcos net income?
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