Pitcher Corporation purchased 60 percent of Softball Corporation's voting common stock on January 1,20X1On December...
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Pitcher Corporation purchased percent of Softball Corporation's voting common stock on January XOn December Pitcher received $ from Softball for a truck Pitcher had purchased on January Xfor $ The truck is expected have a year useful life and no salvage valueBoth companies depreciate trucks on a straightline basis Required: Prepare the worksheet consolidation entry or entries needed at December X to remove the effects of the intercompany sale
Pitcher Corporation purchased percent of Softball Corporation's voting common stock on January XOn December Pitcher received $ from Softball for a truck Pitcher had purchased on January Xfor $ The truck is expected have a year useful life and no salvage valueBoth companies depreciate trucks on a straightline basis Required: Prepare the worksheet consolidation entry or entries needed at December X to remove the effects of the intercompany sale
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