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What Effect Would the Purchase at January 1, 2019 Have

Question 17

Multiple Choice

What effect would the purchase at January 1, 2019 have on the consolidated equity of Hanson?


A) There would be no effect.
B) There would be a reduction in consolidated retained earnings of $1,025.
C) There would be a reduction in consolidated contributed surplus of $1,025.
D) There would be an increase in consolidated retained earnings of $1,025.

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