Pony owns 80% of Shetland. During 2010, Shetland sold $100,000 of merchandise at a 25%...
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Accounting
Pony owns 80% of Shetland. During 2010, Shetland sold $100,000 of merchandise at a 25% gross profit to its parent. One-tenth of the goods remain unsold by Pony at the end of 2010. How much of the gross profit will the noncontrolling interest receive as a result of these sales?
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