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n8 On June 1, 2014, P Company acquired 100% of the stock of 5 Inc. On this date, p had Retained Earnings of $100.000 and
n8 On June 1, 2014, P Company acquired 100% of the stock of 5 Inc. On this date, p had Retained Earnings of $100.000 and Shad Retained Earnings of $50,000. On December 31, 2014, P had Retained Earnings of $120,000 and S had Retained Earnings of 560,000. The amount of Retained Earnings that appeared in the December 31, 2014 consolidated balance sheet was Select one
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