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Abbot corp owns 6 0 % of bud corps outstanding capital stock. On may 1 , abbot advanced bud 8 0 0 0 0 in

Abbot corp owns

60 %

of bud corps outstanding capital stock. On may

1,

abbot advanced bud

80000

in cash, which was still outstanding at december

31 .

What portion of this advance should be eliminated in the preparation of the december

31

consolidated balance sheet?

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