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Walmart must consolidate subsidiaries that are partially owned. Evidence of this fact can be found in the income statement, the balance sheet, and the statement

Walmart must consolidate subsidiaries that are partially owned. Evidence of this fact can be found in the income statement, the balance sheet, and the statement of cash flows, where noncontrolling interests in net income, noncontrolling interest in net assets, and cash flows related to noncontrolling interests are referenced. Explain the meaning of the noncontrolling interest in net income and the noncontrolling interest in net assets.

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