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Kylie Co. owns 59% of Jayzee Inc. On their 12/31/2017 pre-consolidation trial balances, Kylie reports $439,168 Liabilities and Jayzee reports $1,620,985 Liabilities. Jayzee owes Kylie
Kylie Co. owns 59% of Jayzee Inc. On their 12/31/2017 pre-consolidation trial balances, Kylie reports $439,168 Liabilities and Jayzee reports $1,620,985 Liabilities. Jayzee owes Kylie $158,454 on this date. What amount should be reported for Liabilities in Kylie's consolidated financial statements
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