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please solve asap Sunny Co. owns 10% of Poppy Co., purchased in Year 1. Poppy Co. acquired 80% interest of Sunny at the beginning of
please solve asap
Sunny Co. owns 10% of Poppy Co., purchased in Year 1. Poppy Co. acquired 80% interest of Sunny at the beginning of Year 2 , which resulted in total annual excess amortization of $4,500. The initial value method was adopted by Poppy. During Year 3 , the following information is reported. What is the noncontrolling interest's share in subsidiary's income for Year 3 (i.e., how much income will be allocated to NCI) ? $28,400$25,100$13,750$27,500 Step by Step Solution
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