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Dodd Co. acquired 75% of the common stock of Wallace Corp. for $1,800,000. The fair value of Wallace's net assets was $2,100,000, and the book value was $1,900,000. The noncontrolling interest shares of Wallace Corp. are not actively traded.What is the dollar amount of noncontrolling interest that should appear in a consolidated balance sheet prepared at the date of acquisition?
Pediatrician
A medical doctor specializing in the health and medical care of infants, children, and adolescents.
Naturally Occurring Hormone
A hormone that is produced and found naturally within an organism, without artificial enhancement or modification.
Non-prescription Medication
Non-prescription Medication refers to drugs and treatments that can be purchased without a doctor's prescription, often used for minor ailments or conditions.
Melatonin
A hormone produced by the pineal gland in the brain, involved in regulating the sleep-wake cycle.
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