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ion 22 t red On January 1, 2020, P Inc. acquired all of S Inc.'s common shares for cash equal to the stock's book value.

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ion 22 t red On January 1, 2020, P Inc. acquired all of S Inc.'s common shares for cash equal to the stock's book value. The book value amounts of S assets and liabilities approximated their fair values, except that its building book value was more than fair values, In preparing P 2020 consolidated income statement which of the following adjustments would be made? d out of ag question Select one: a. Decrease depreciation expense b. no entry c. adjustments for gain d. Increase depreciation expense 0 0 ENG 4) to

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