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What is net income attributable to noncontrolling interrest

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Norek Corp. owned 70% of the voting common stock of Thelma Co. On January 2, 2017, Thelma sold a parcel of land to Norek. The land had a book value of $32,000 and was sold to Norek for $45,000. Thelma's reported net income for 2017 was $119,000. Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, what is net income attributable to the noncontrolling interest?

Reference no: EM132346106

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