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On 1/1/2021 P company acquired 80% of S company. Accounts receivable balance for P company is 29000 JD, Accounts receivable balance for S company is
On 1/1/2021 P company acquired 80% of S company. Accounts receivable balance for P company is 29000 JD, Accounts receivable balance for S company is 10000 JD. S sold inventory to P on account for 10000 JD. Compute consolidated balance for accounts receivable. Select one: : O a. 26000 O b. 27000 O c. 28000 O d. 29000
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Fraud Auditing And Forensic Accounting
Authors: Tommie W Singleton, Aaron J Singleton, G Jack Bologna, Robert J Lindquist
4th Edition
047056413X, 9780470564134
