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Quest 9 Parent company has three subsidiaries, as follows Percentage of the Parent's Ownership PARENT 20% SUBI SEX SUR2 SUBS 200 180 180 BALANCE SHEET
Quest 9
Parent company has three subsidiaries, as follows Percentage of the Parent's Ownership PARENT 20% SUBI SEX SUR2 SUBS 200 180 180 BALANCE SHEET Assets Cash Accounts receivable Plant and equipment Investment in Sub 1(140 0.90) Investment in Sub 2(1400.60) Investment in Sub 3 (1400:00) Total assets ISO 200 300 126 34 LOL 81 B 280 Liabilities Equity 600 414 5.000 5.000 INCOME STATEMENT Revenues Sales Income from Sub 10,100 0.90) Income from Sub 21,100.0.60) Income from Sub 3(1,100 -0.45) 4790 990 660 400 Expenses Net Income 11.900 1.100 . . 1.100 Compute the amount of TOTAL ASSETS that will be reported in the CONSOLIDATED bulance sheet 1.566 O 1812 LOT4 O 1664 2214 FEEDBACK 0/100 x Step by Step Solution
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