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Assume that the parent company has been applying the equity method to this investment. On December 31, 2013, the separate financial statements for the two
Assume that the parent company has been applying the equity method to this investment. On December 31, 2013, the separate financial statements for the two companies present the following information: Miller Company Taylor Company Common stock $500,000 $300,000 Additional paid-in capital 280,000 90,000 Retained earnings, 12/31/13 620,000 425,000 What will be the consolidated balance of each of these accounts? Common stock $ Additional paid-in capital $ Retained earnings, 12/31/13
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