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Basic Consolidation Worksheet for Second Year Police Corporation acquired 100 percent of Station Corporation's voting shares on January 1.20X3, at underlying book value. At that

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Basic Consolidation Worksheet for Second Year Police Corporation acquired 100 percent of Station Corporation's voting shares on January 1.20X3, at underlying book value. At that date, the book values and fair values of Station's assets and liabilities were equal. Police uses the equity method in accounting for its investment in Station. Adjusted trial balances for Police and Station on December 31,20X4, are as follows: Required a. Give all consolidation entries required on December 31 , 20X4, to prepare consolidated financial statements

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