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Additional information: (a) Schumacher Company's other assets represent a long-term investment in Taylor Company's long-term debt. The debt was purchased for an amount equal to

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Additional information: (a) Schumacher Company's other assets represent a long-term investment in Taylor Company's long-term debt. The debt was purchased for an amount equal to Taylor's carrying value of the debt. (b) Taylor Company owes Schumacher Company $100,000 for services rendered. Prepare a work sheet for preparing a consolidated balance sheet as of the acquisition date

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