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What amount of dividends would be reported

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Question - On January 1, 2021 Pail corp acquired 80 percent of Sand Company's stock for 640,000 cash. The fair value of the non-controlling interest at that date was determined to be 160,000.

For the year ended December 31 2021 Pail reported dividends of 46,000 on its general ledger. Sand reported dividends of 37000 on its general ledger. What amount of dividends would be reported on 12/31/21 consolidated statement of retained earnings?

Reference no: EM133112582

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