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    Exam 6: Intercompany Debt, Consolidated Statement of Cash Flows, and Other Issues
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    Allen Co Held 80% of the Common Stock of Brewer Inc
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Allen Co Held 80% of the Common Stock of Brewer Inc

Question 65

Question 65

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Allen Co. held 80% of the common stock of Brewer Inc. and 40% of this subsidiary's convertible bonds. The following consolidated financial statements were for 2010 and 2011.

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