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  3. a. prepare the journal entry to record the acquisi

a. Prepare the journal entry to record the acquisition of the subsidiary. b. Show the...

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Accounting

imageimage a. Prepare the journal entry to record the acquisition of the subsidiary. b. Show the computations to yield the Equity Investment reported by the parent in the amount of $1,279,920 Do not use negative signs with your answers. c. Prepare the consolidation entries for the year ended December 31, 2016. d. Prepare the consolidated spreadsheet for the year ended December 31, 2016. Use negative signs with answers in the Consolidated column for reductions (Cost of goods sold, Operating expenses and Dividends)

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