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Find which the pre-acquisition elimination entry must

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Problem 1: Bale Limited acquired 100% of the shares in Tima Limited on a cum div. basis for $200 000. At acquisition date, the subsidiary had a declared dividend of $10 000. The pre-acquisition elimination entry must include the following line:

A. DR Shares in subsidiary $190 000

B. CR Shares in subsidiary $200 000

C. CR Shares in subsidiary $190 000

D. CR Shares in subsidiary $10 000

Reference no: EM132940145

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