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Chapman Company obtains 1 0 0 percent of Abernethy Company's stock on January 1 , 2 0 2 3 . As of that date, Abernethy

Chapman Company obtains 100 percent of Abernethy Company's stock on January 1,2023. As of that date, Abernethy has the following trial balance:
\table[[Items,Debit,Credit],[Accounts payable,-,$50,800
Chapman Company obtains 100 percent of Abernethy Company's stock on January 1,2023. As of that date, Abernethy has the following trial balance:
\table[[Items,Debit,Credit],[Accounts payable,-,$50,800
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