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SVEN [57.7K]
3 years ago
15

If the fair value of the subsidiary's identifiable net assets exceeds both the book value and the value implied by the purchase

price, the workpaper entry to eliminate the investment account :
a. debits Excess of Fair Value over Implied Value.
b. debits Difference Between Implied and Fair Value.
c. debits Difference Between Implied and Book Value.
d. credits Difference Between Implied and Book Value.
Business
1 answer:
Kazeer [188]3 years ago
6 0

Answer:

C

Explanation:

debits Difference Between Implied and Book Value

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Gabriel put $6000 in a 2-year CD paying 4% interest, compounded monthly. After 2 years, he withdrew all his money. What was the
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First, we calculate for the effective annual interest given the interest in the scenario. 
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