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On December 31, 2020, Bramble Company purchased a controlling interest in Vaughn Company for $ 1,120,000. The consolidated balance sheet on December 31, 2020, reported

On December 31, 2020, Bramble Company purchased a controlling interest in Vaughn Company for $ 1,120,000. The consolidated balance sheet on December 31, 2020, reported a noncontrolling interest in Vaughn Company of $ 280,000 prepare the elimination investment entry made to prepare a consolidated balance sheet workpaper

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