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Book Co.owned several subsidiaries at December 31. The following table shows each subsidiary's total liabilities, excluding intercompany transactions, and percentage of stock owned by Book:

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Book Co.owned several subsidiaries at December 31. The following table shows each subsidiary's total liabilities, excluding intercompany transactions, and percentage of stock owned by Book: Subsidiary Total Liabilities % Owned Bunny Co. $4,000,000 70 % Harper Co. 2,000,000 48% Peter Co. 7,000,000 80 % Nothing Co. 5,000,000 100 % What amount should Book include as liabilities in its consolidated balance sheet at December 31? $12,000,000 $16,000,000 $5,000,000 $18,000,000

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