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How will this debt be accounted for

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Question - Several years ago, FoxTrot Inc. acquired a controlling interest in Delta Company, Delta Company recently borrowed $200,000 from FoxTrot. In consolidating the financial records of the two companies, how will this debt be accounted for?

Reference no: EM132669285

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How will this debt be accounted for : Delta Company recently borrowed $200,000 from FoxTrot. In consolidating the financial records of the two companies, how will this debt be accounted for
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