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Pepper Corporation owns 70 percent of Salt Company's stock. In the 20X9 consolidated income statement, the noncontrolling interest was assigned $18,000 of income. There was

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Pepper Corporation owns 70 percent of Salt Company's stock. In the 20X9 consolidated income statement, the noncontrolling interest was assigned $18,000 of income. There was no differential in the acquisition. Required: What amount of net income did Salt Company report for 20X9? Net income

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