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    Modern Advanced Accounting Study Set 3
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    Exam 4: Consolidation of Non-Wholly Owned Subsidiaries
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    Assuming That Keen Inc
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Assuming That Keen Inc

Question 50

Question 50

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    Assuming that Keen Inc. purchases 80% of Lax Inc. for $240,000, prepare the Consolidated Balance Sheet on the Date of Acquisition.     Assuming that Keen Inc. purchases 80% of Lax Inc. for $240,000, prepare the Consolidated Balance Sheet on the Date of Acquisition. Assuming that Keen Inc. purchases 80% of Lax Inc. for $240,000, prepare the Consolidated Balance Sheet on the Date of Acquisition.

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