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On January 1, 2014, Pauline Company Acquired 90% of Stephen

Question 12

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On January 1, 2014, Pauline Company acquired 90% of Stephen Company at a cost of $90,000. On January 1, 2014, Stephen Company acquired 10% of Pauline Company at a cost of $10,000. On January 1, 2014, the following data is available:
On January 1, 2014, Pauline Company acquired 90% of Stephen Company at a cost of $90,000. On January 1, 2014, Stephen Company acquired 10% of Pauline Company at a cost of $10,000. On January 1, 2014, the following data is available: At December 31, 2014, the following data is available: Assuming the treasury stock method is used, what elimination entry is needed for the Investment in Pauline at December 31, 2014? A) B) C) D) At December 31, 2014, the following data is available:
On January 1, 2014, Pauline Company acquired 90% of Stephen Company at a cost of $90,000. On January 1, 2014, Stephen Company acquired 10% of Pauline Company at a cost of $10,000. On January 1, 2014, the following data is available: At December 31, 2014, the following data is available: Assuming the treasury stock method is used, what elimination entry is needed for the Investment in Pauline at December 31, 2014? A) B) C) D) Assuming the treasury stock method is used, what elimination entry is needed for the Investment in Pauline at December 31, 2014?


A) On January 1, 2014, Pauline Company acquired 90% of Stephen Company at a cost of $90,000. On January 1, 2014, Stephen Company acquired 10% of Pauline Company at a cost of $10,000. On January 1, 2014, the following data is available: At December 31, 2014, the following data is available: Assuming the treasury stock method is used, what elimination entry is needed for the Investment in Pauline at December 31, 2014? A) B) C) D)
B) On January 1, 2014, Pauline Company acquired 90% of Stephen Company at a cost of $90,000. On January 1, 2014, Stephen Company acquired 10% of Pauline Company at a cost of $10,000. On January 1, 2014, the following data is available: At December 31, 2014, the following data is available: Assuming the treasury stock method is used, what elimination entry is needed for the Investment in Pauline at December 31, 2014? A) B) C) D)
C) On January 1, 2014, Pauline Company acquired 90% of Stephen Company at a cost of $90,000. On January 1, 2014, Stephen Company acquired 10% of Pauline Company at a cost of $10,000. On January 1, 2014, the following data is available: At December 31, 2014, the following data is available: Assuming the treasury stock method is used, what elimination entry is needed for the Investment in Pauline at December 31, 2014? A) B) C) D)
D) On January 1, 2014, Pauline Company acquired 90% of Stephen Company at a cost of $90,000. On January 1, 2014, Stephen Company acquired 10% of Pauline Company at a cost of $10,000. On January 1, 2014, the following data is available: At December 31, 2014, the following data is available: Assuming the treasury stock method is used, what elimination entry is needed for the Investment in Pauline at December 31, 2014? A) B) C) D)

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