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Which the pre-acquisition elimination entry must include

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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: EM132937154

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