[Solved] On January 1 , 2 0 X 1 , Kiner Company fo

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On January 1 , 2 0 X 1 , Kiner Company formed a foreign subsidiary that issued all of its currently outstanding common stock on

On January

1, 20

1,

Kiner Company formed a foreign subsidiary that issued all of its currently outstanding common stock on that date. Selected accounts from the balance sheets, all of which are shown in local currency units LCU, are as follows:

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