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Prepare consolidation workpapers for Pam Corporation and Subsidiary for the year ended December 31, 2016. Only the information provided in the financial statements is available;

  • Prepare consolidation workpapers for Pam Corporation and Subsidiary for the year ended December 31, 2016. Only the information provided in the financial statements is available; accordingly, your solution will require some standard assumptions. Sun owned unrecorded patents having a fair value of $224,000, and a useful life of 10 years.

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