What percentage of the retained earnings reported in the consolidated balance sheet is assigned to...
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Accounting
What percentage of the retained earnings reported in the consolidated balance sheet is assigned to the non-controlling interest at that date?
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.
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