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Shin Corporation sold equipment with a four-year remaining useful life and a book value of $36,000 to its parent company, Fajar Corporation, which owned 90
Shin Corporation sold equipment with a four-year remaining useful life and a book value of $36,000 to its parent company, Fajar Corporation, which owned 90 percent in Shin Corporation, for $40,000 on January 1, 2014. If Shin reports net income of $500,000 in 2016, what is the amount of noncontrolling interest share at December 31, 2016
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