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Company A acquires 70% of Company B's outstanding shares for $700,000. Provide the journal entries to consolidate Company A and Company B's financial statements.
- Company A acquires 70% of Company B's outstanding shares for $700,000.
- Provide the journal entries to consolidate Company A and Company B's financial statements.
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Financial Reporting and Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
7th edition
1259722651, 978-1259722653
