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Prepare the investment elimination entry made to prepare a consolidated balance sheet workpaper. Any difference between book value and the value implied by the purchase
Prepare the investment elimination entry made to prepare a consolidated balance sheet workpaper. Any difference between book value and the value implied by the purchase price relates to subsidiary land. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Prepare the investment elimination entry made to prepare a consolidated balance sheet workpaper. Any difference between book value and the value implied by the purchase price relates to subsidiary land. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Compute the noncontrolling interest percentage on December 31, 2020. Ig interest % eTextbook and Media Assistance Used Current Attempt in Progress On December 31, 2020, Bridgeport Company purchased a controlling interest in Shamrock Company for $1,420,000. The consolidated balance sheet on December 31, 2020 reported noncontrolling interest in Shamrock Company of $355,000. On the date of acquisition, the stockholders' equity section of Shamrock Company's balance sheet was as follows
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