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Making consolidation worksheet entries

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Reference no: EM13141371

Assume that chapman company acquired abernethy's common stock for $490000 in cash. as of January 1, 2009, abernethy's land had a fair value of $90000, its buildings were valued at $160000 and its equipment was appraised at $180000. chapman uses the initial value method for this investment. prepare consolidation worksheet entries for december 31,2009, and december 31,2010

Reference no: EM13141371

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