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5 points p Company purchased 80% of the outstanding common stock of s Company on May 1, 2017, for a cash payment of $318,000 During

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5 points p Company purchased 80% of the outstanding common stock of s Company on May 1, 2017, for a cash payment of $318,000 During the caiendar year 2017, S Company earned $210,000 evenly throughout the year and declared a dividend of $58,750 on November 1, What is the amount needed to establish reciprocity under the cost method in the preparation of a consolidated workpaper on December 31, 20177 $52,000 B. $121,000 OC.$65.000 D. $62.000

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