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liraira [26]
3 years ago
8

On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping Corporation's voting shares, at underlying book value.

Business
1 answer:
ArbitrLikvidat [17]3 years ago
4 0

Answer:

Explanation:

The first step is to determine the income to be carried forward:

The diagram is attached.

Therefore, the amount of consolidated retained earnings is (a.) $235,000

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