Multiple Choice
If Parent Company purchased 80% of Sub Inc. for $180,000, the liabilities section of Parent's consolidated balance sheet on the date of acquisition (August 1, 2018) would total what amount under the Entity Method?
A) $470,000
B) $474,000
C) $500,000
D) $519,000
Correct Answer:
Verified
Correct Answer:
Verified
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