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

Chapman Company obtains 100 percent of Abernethy Company's stock on January 1,2020. As of that date, Abernethy has the following trial balance:
\table[[,Debit,Credit],[Accounts payable,,$56,400
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