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Find the portion of the retained earnings

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On 01/01/2009 Gamma Inc., a technology company, acquired 85% of Beta Inc's common stock. The total amount of this common stock acquired was worth $100,000 cash. The non-controlling interest for Gamma Inc was determined to have a fair value of 15% of the book value of Beta at that date.

Question 1: Find the portion of the retained earnings that is to be accounted for in the consolidated balance sheet that was made after the business combination is categorized in the to the non-controlling interest?

Reference no: EM132604395

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