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solve in detail please Pro Corporation purchased (11,000 ahares of Schroeder Corporation on January 1, 20x3, at book value. A dato, the fali value of
solve in detail please
Pro Corporation purchased (11,000 ahares of Schroeder Corporation on January 1, 20x3, at book value. A dato, the fali value of the noncortrolling interest was equal tar 20.6 percenthot Schroeder's book value. On w. Deciom Requined: a. Compute the change in book value of the shares held by Pro as a result of Schroeder's issuance of additional shares. b. Prepare the entry to be recorded on Pro's books to recognize the change in book value of the shares it. holds, assuming the change in book value is to be treated as an adjustment to additional paid-in capital. C. Record the consolidation entry needed to prepare a consolidated balance sheot immediately afler Schroedor's issuance of additional shares Step by Step Solution
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