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" 1 1 30 17 On December 31, 2011 Noon...

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Accounting

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" 1 1 30 17 On December 31, 2011 Noon acquire all of Soon's stock directly from soon corporation's stockholders for cash plus share of Neon Corporation. If the investment cost equal book value of equity, the correct Journal entry to climinate the redprocal investment and equity accounts Capital stock soor(r) and comingsoon (Dr.) Good will (Dr. Investment in Soon (C) Capital stock,soon () Retained sarnings (Dr.) . Investments Non-controlling interest (C) Capital stock soon (0) Retained camnings (0) Good Will (DE) .CO Investment in Spon (C) Non-controlling interest (O) Capital stock soon) Relained earnings oor on .do Investment in Soon

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