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X Company acquired 80% of the stock of Y Company and is preparing consolidated financial statements. It has measured the noncontrolling interest representing the

X Company acquired 80% of the stock of Y Company and is preparing consolidated financial statements. It has measured the noncontrolling interest representing the 20% of Y that X does not own. How is the noncontrolling interest disclosed in X's financial statements?

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In X Companys financial statements the noncontrolling interest NCI representing the 20 of Y Company that X does not own is disclosed as follows Consol... blur-text-image

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