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prepare a consolidation elimination entry for 2018 from the following accounts. the parent has a 70% ownership in the subsidiary. parent investment in subsidiary is

prepare a consolidation elimination entry for 2018 from the following accounts. the parent has a 70% ownership in the subsidiary. parent investment in subsidiary is $300,000. the subsidiary common stock is $20,000 and retained earnings $80,000. any excess is goodwill

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