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On 1/1/2020 P company acquired 75% of S company and 65% of T company. Notes receivable balances for P company is 45000 JD, and for
On 1/1/2020 P company acquired 75% of S company and 65% of T company. Notes receivable balances for P company is 45000 JD, and for S company is 20000 JD, and for T company is 16000 JD. P issued notes receivable to S and T for 11000 JD and 14000 JD respectively. Compute the consolidated balance for Notes receivable. Select one: O a. 56000 O b. 57000 O c. 58000 O d. 59000
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Accounting Information Systems Understanding Business Processes
Authors: Brett Considine, Alison Parkes, Karin Olesen, Michael Lee, Derek Speer
3rd Edition
1742165559, 978-1742165554
