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On 1/1/2021 P company acquired 80% of S company. Accounts receivable balance for P company is 27000 JD, Accounts receivable balance for Scompany is 10000

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On 1/1/2021 P company acquired 80% of S company. Accounts receivable balance for P company is 27000 JD, Accounts receivable balance for Scompany is 10000 JD. S sold inventory to P on account for 10000 JD. Compute consolidated balance for accounts receivable a. 26000 b. 27000 c. 28000 d. 29000 6 1.00

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