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Simple Company, a 70%-owned subsidiary of Punter 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 Simple's identifiable net assets at the date of the business combination was $45,000. The noncontrolling interest in net income of Simple for Year 3 was:
Transitional
Pertaining to or involving change from one state, condition, or phase to another.
Probabilistic
Pertains to the likelihood of occurrences in a random phenomenon and involves the analysis of outcomes utilizing the principles of probability.
Management Inventories
Tools or systems used to assess and catalog the abilities, skills, and potential of managerial staff within an organization.
Markov Models
A statistical model used to predict a system's future behavior based on its current state, often used in decision making and predicting behavior patterns over time.
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