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Assuming the Combination Occurred Prior to 2009 and Was Accounted

Question 3

Multiple Choice

Assuming the combination occurred prior to 2009 and was accounted for under the purchase method, what amount will be reported for consolidated retained earnings?


A) $1,830,000.
B) $1,350,000.
C) $1,080,000.
D) $1,560,000.
E) $1,535,000.

Correct Answer:

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