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    Exam 8: Consolidated Cash Flows and Changes in Ownership
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    Parrot Has No Contributed Surplus on Its Own Balance Sheet
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Parrot Has No Contributed Surplus on Its Own Balance Sheet

Question 1

Question 1

Essay

Parrot has no contributed surplus on its own balance sheet as at the end of 2019. Calculate the amount of the contributed surplus shown on the consolidated balance sheet of Parrot and its subsidiary as at December 31, 2019.

Correct Answer:

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