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What percentage of the retained earnings reported

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Problem - On January 1, 2020, Z Company acquired 75 percent of T Company's common stock for $870,000 cash. The fair value of the noncontrolling interest was determined to be 25 percent of the book value of T Company at that date. What percentage of the retained earnings reported in the consolidated balance sheet is assigned to the non- controlling interest at that date?

Reference no: EM132839570

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