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Company A acquired 60% of the share of company B in December 2012, Joy is a accountant who work in Company A, He should take in preparing the consolidated financial statements for the newly established group, he is concerned about the calculation of Non-Controlling Interest share of equity, particularly in the years after acquisition date .

Prepare a report for Joy, describeing the step approach to the calculation of Non-Controlling Interest and the effects of the approach in the years after acquisition date.

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