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Perito Inc, owned 12,000 shares [60%] of the outstanding 5%, $215 par preferred stock and 68% of the outstanding common stock of Moreno Corp. When

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Perito Inc, owned 12,000 shares [60%] of the outstanding 5%, $215 par preferred stock and 68% of the outstanding common stock of Moreno Corp. When Moreno reported net income of $952,500, what was the non-controlling interest in the subsidiary's income? [4 points)

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