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9. Company P purchases a 100% interest in Company S for $800,000. If Company S has Common Stock of $400,000 and APIC of $300,000, what

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9. Company P purchases a 100% interest in Company S for $800,000. If Company S has Common Stock of $400,000 and APIC of $300,000, what eliminating entry would be needed on the consolidation worksheet? If the excess paid over the book value is attributed to Company S' building, what distributing entry is needed?|

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