Question
On January1, 2011Company Xacquired 80%ofthecommonstockofCompanyY for$200,000.Onthisdate, Company Y had total owners' equity of $200,000 (including retained earnings of $ 100,000). During 2011 and2012, Company X
On January1, 2011Company Xacquired 80%ofthecommonstockofCompanyY for$200,000.Onthisdate, Company Y had total owners' equity of $200,000 (including retained earnings of $ 100,000). During 2011 and2012, Company X appropriately accounted for its investment in Company Y using the simple equity method.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
