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Water Co. acquired 70% stake of Milk Co. for $180,000 cash .Milk Co. net assets fair value is $160,000 .Milk Co. net assets book value

Water Co. acquired 70% stake of Milk Co. for $180,000 cash .Milk Co. net assets fair value is $160,000 .Milk Co. net assets book value is $110,000 .Milk Co. net loss is $1,600 during the year .Milk Co. paid $16,000 cash dividends to its shareholders :equired .Calculate the NCI equity :Important note Show all calculations

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