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4. Use the information in Exercise 3. Assume that Pattern paid $360,000 for an 80% interest in Stock Company. Any difference between value implied by

4. Use the information in Exercise 3. Assume that Pattern paid $360,000 for an 80% interest in Stock Company. Any difference between value implied by the purchase price and book value is attributed to goodwill.

Prepare the entry to eliminate Ps investment in S

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