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Question 35

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Use the following information to answer question(s) below.

On January 1, 2014, Punch Corporation purchased 80% of the common stock of Soopy Co. Separate balance sheet data for the companies at the acquisition date (after the acquisition) are given below:
Use the following information to answer question(s) below. On January 1, 2014, Punch Corporation purchased 80% of the common stock of Soopy Co. Separate balance sheet data for the companies at the acquisition date (after the acquisition) are given below: -What is the amount of consolidated Retained Earnings? A) $224,000 B) $259,200 C) $304,000 D) $324,000 Use the following information to answer question(s) below. On January 1, 2014, Punch Corporation purchased 80% of the common stock of Soopy Co. Separate balance sheet data for the companies at the acquisition date (after the acquisition) are given below: -What is the amount of consolidated Retained Earnings? A) $224,000 B) $259,200 C) $304,000 D) $324,000
-What is the amount of consolidated Retained Earnings?


A) $224,000
B) $259,200
C) $304,000
D) $324,000

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