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Duelo On January 1, 2019. Power Corporation acquired 90% of Star Company's voting stock at underlying book value. The far value of the noncontroing interest
Duelo On January 1, 2019. Power Corporation acquired 90% of Star Company's voting stock at underlying book value. The far value of the noncontroing interest was equal to 10% of the book value of Star at that date.Power uses the equity method in cccounting for its ownership of Star On December 31. 2019. the trial bolonces of the two companies are as follows ONDE Monted out of 1 P flog Hem Star Power Debit Crede Deba Creda Current Assets $200,000 $120,000 Depreciable Assets 300,000 225.000 139,500 30,000 Investment in Star Depreciation Expense Other Expenses Dividends Declared 25.000 60,000 100.000 30,000 10,000 $120,000 $75,000 Accumulated Depreciation Current Liabilities 62.000 25,000 90.000 75,000 Long-Term Debt Common Stock 100,000 75.000 Retained Eamings 120,000 65,000 300.000 Boles 110.000 Income from Star Total 22.500 $799,500 $799,500 $440,000 $440,000 The required Optional emination entry as of December 31, 2019 Select one: a. Dr. Accumulated Depreciation - 3 75,000 C Building & Equipment. 575.000 D. Dr. Depreciation Expense - $75,000 Ct. Building & Equipment -3 78,000 c. Dr. Depreciation Expense - 50.000 Cr Building Comp Equipment -5 50.000 d. Dr. Accumulated Depreciation - 350.000 Building samp: Equipment - 550.000 FU
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