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Make a calculation of net income and dividend allocations

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View Corp increased its ownership in its subsidiary Point Corp from 70% in January 1, 2018 to 90% as of July 1, 2018. Net income Point Corp year 2018 is $ 100,000 and announces the distribution of dividends on March 1, 2018 for $ 30,000 and September 1, 2018 for $ 30,000. Assume Point Corp's revenue and expenses are the same throughout the year.

Question 1: Make a calculation of net income and dividend allocations between Controlling Interest and Noncontrolling Interest.

Reference no: EM132579857

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