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Sleepy Company, a 70%-Owned Subsidiary of Pickle Corporation, Reported Net

question 10

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Sleepy Company, a 70%-owned subsidiary of Pickle Corporation, reported net income of $600,000 and paid dividends totaling $225,000 during Year 3. Year 3 amortization of differences between current fair values and carrying amounts of Sleepy's identifiable net assets at the date of the business combination was $112,500. The noncontrolling interest in consolidated net income of Sleepy for Year 3 was:

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Definitions:

Modeling Helpful Behavior

Demonstrating actions that are beneficial or supportive to others, which can serve as a guide for behavior.

Live Model

In learning and behavior theory, refers to an actual person demonstrating or modeling a behavior that is being learned by an observer.

Televised Model

A representation or example of behavior, attitudes, or other phenomena showcased through television media.

Blaming The Victim

The tendency to hold individuals responsible for their misfortune, rather than considering external societal or situational factors.

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