Essay
Hambly Corp.owned 80% of the voting common stock of Stroban Co.During 2009,Stroban sold a parcel of land to Hambly.The land had a book value of $82,000 and was sold to Hambly for $145,000.Stroban's reported net income for 2009 was $119,000.
Required:
What was the noncontrolling interest's share of Stroban Co.'s net income?
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