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Scooter Company, a 70%-owned subsidiary of Pusher Corporation, reported net income of $240,000 and paid dividends totaling $90,000 during Year 3. Year 3 amortization of differences between current fair values and carrying amounts of Scooter's identifiable net assets at the date of the business combination was $45,000. The noncontrolling interest in net income of Scooter for Year 3 was:

a) $58,500.

b) $13,500.

c) $27,000.

d) $72,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9449350

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