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please show all work Grover Corp. owned a 90% interest in Silk Co. Silk frequently made sales of inventory to Grover. The sales, which include
please show all work
Grover Corp. owned a 90% interest in Silk Co. Silk frequently made sales of inventory to Grover. The sales, which include a markup over cost of 25%, were $420,000 in 2020 and $500,000 in 2021. At the end of each year, Grover still owned 30% of the goods. Net income for Silk was $912,000 during 2021. Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, what was the net income attributable to the noncontrolling interest for 2021? O $84,300 O $85,680. O $90.720. $91,680Step by Step Solution
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