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Power Corporation acquired 100 percent ownership of ScrubCompany on February 12, 20X9. At the date of acquisition, ScrubCompany reported assets and liabilities with book values
Power Corporation acquired 100 percent ownership of ScrubCompany on February 12, 20X9. At the date of acquisition, ScrubCompany reported assets and liabilities with book values of$437,000 and $180, combination assuming Power acquired its ownership of Scrub for \( \$ 253,000 \). Complete this question by entering your answers in the tabs below. Prepare the following consolidation entries required 2 answers
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