What is the amount of non-controlling interest

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Question: On January 1, Y6, Ilderton Inc. purchased 80 percent of the common shares of Hensall Corp. for $1,400,000. On the date of acquisition, Hensall's shareholders' equity was as follows: Common shares $600,000 Retained earnings $608,000 Any acquisition differential was allocated to goodwill. During Y6, Hensall earned a net income of $400,000 and paid dividends of $300,000. On December 31, Y6, a goodwill impairment loss of $30,000 was recorded. What is the amount of non-controlling interest on the consolidated balance sheet as of December 31, Y6?

Reference no: EM133609310

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