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Computing Consolidating Adjustments and Noncontrolling Interest Philipich Company purchases 80% of Hirst Company's common stock for $648,000 cash when Hirst Company has $350,000 of common
Computing Consolidating Adjustments and Noncontrolling Interest Philipich Company purchases 80% of Hirst Company's common stock for $648,000 cash when Hirst Company has $350,000 of common stock and $460,000 of retained earnings and the fair values of Hirst's assets and liabilities equal their book values. If a consolidated balance sheet is prepared immediately after the acquisition, what amounts are eliminated when preparing that statement? - Investment Common Stock $ Retained Earnings $ What amount of noncontrolling interest appears in the consolidated balance sheet? Noncontrolling Interest $
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