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Peel Corporation purchased 6 0 percent of Split Products Company's shares on December 3 1 , 2 0 X 7 , for $ 2 1
Peel Corporation purchased percent of Split Products Company's shares on December X for $ At that date, the fair
value of the noncontrolling interest was $ On January Peel purchased an additional percent of Split's common
stock for $ Summarized balance sheets for Split on the dates indicated are as follows:
Split paid dividends of $ in each of the three years. Peel uses the equity method in accounting for its investment in Split and
amortizes all differentials over years against the related investment income. All differentials are assigned to patents in the
c Prepare the consolidation entries needed as of December X to complete a worksheet.
Complete this question by entering your answers in the tabs below.
Prepare the consolidation entries needed as of December to complete a worksheet.
Note: If no entry is required for a transactionevent select No journal entry requled" in the firy account
HELP WITH ALL THREE ENTRIES FOR C THank you!!
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