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On May 31, 2020, the current fair values and carrying amounts of Subsidiary's assets and liabilities were equal. Assume that current liabilities amount of the
On May 31, 2020, the current fair values and carrying amounts of Subsidiary's assets and liabilities were equal. Assume that current liabilities amount of the parent company and its subsidiary were $ 350,000 and $ 180,000 respectively. In a consolidated balance sheet of the parent and its subsidiary liabilities amount to be recorded as .a $530,000 .b $350,000 $180,000 .d $170,000
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Financial Auditing With Information Technology Meeting The Challenge Of Cloud Computing Unstructured Data And Intangible Assets
Authors: J. Christopher Westland
1st Edition
149044873X, 978-1490448732
