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Find what is the non-controlling interest piece

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Problem 1: A 30% share was purchased in company X at the beginning of the year for 300000. During the year, company X reported net income of 200000 and paid dividends of 50000. During the year subsidiary A generates net income of 500000. What is the non-controlling interest piece on the consolidated income statement? Indicate both the amount and direction (a plus or minus) in calculating consolidated net income.

Reference no: EM132646521

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