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Great owns 75% of the stock of Little. At the end of the year, Little owes Great $10,000 for an intercompany loan. In consolidation, how
- Great owns 75% of the stock of Little. At the end of the year, Little owes Great $10,000 for an intercompany loan. In consolidation, how much of this intercompany loan should be eliminated:
- Zero (the full loan should remain in the balance sheet)
- 25%
- 75%
- All of it.
- Zero (the full loan should remain in the balance sheet)
- 25%
- 75%
- All of it.
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