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Pepper Corporation owns 80 percent of Salt Company's stock. In the 20X9 consolidated income statement, the noncontrolling interest was assigned $13,200 of income. There
Pepper Corporation owns 80 percent of Salt Company's stock. In the 20X9 consolidated income statement, the noncontrolling interest was assigned $13,200 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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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
18th edition
538479736, 978-1111534783, 1111534780, 978-0538479738
