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A company had common stock with a total par value of $26,000,000 and fair value of $70,000,000; and 8% preferred stock with a total par value of $9,000,000 and a fair value of $12,000,000. The book value of the company was $90,000,000. Assuming 85% of the company's total equity is acquired, what amount must be attributed to the noncontrolling interest?
Resolving Differences
The process of finding solutions to disagreements or conflicts between individuals, groups, or nations.
Maintaining Cordial
The practice of keeping relations friendly and warm, often in professional or formal contexts.
President's Commission
A group or committee formed by the President of the United States to investigate or address specific issues or concerns at a national level.
American Society
The social structure, norms, and cultural dynamics characteristic of the United States.
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