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On the 2020 consolidation working paper, eliminating entry (N) recognizes noncontrolling interest in net income of:_________

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Answer:

Following are the solution to this question:

Step-by-step explanation:

Please find the complete question in the attached file.

Credit cost depreciation
= \$ \ 40,000

(Detailed:
(400,000)/(10)=40,000)

DR Acc.
40,000

CR Dep. Exp.
40,000 )

On the 2020 consolidation working paper, eliminating entry (N) recognizes noncontrolling-example-1
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