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week 4 quiz ch7

week 4 quiz ch7

Ratings: (0)|Views: 873 |Likes:
Published by nequwan79
ch7
Student: ___________________________________________________________________________

1.

Blue Company owns 70 percent of Black Company's outstanding common stock. On December 31, 20X8, Black sold equipment to Blue at a price in excess of Black's carrying amount, but less than its original cost. On a consolidated balance sheet at December 31, 20X8, the carrying amount of the equipment should be reported at: A. Blue's original cost. B. Black's original cost. C. Blue's original cost less Black
ch7
Student: ___________________________________________________________________________

1.

Blue Company owns 70 percent of Black Company's outstanding common stock. On December 31, 20X8, Black sold equipment to Blue at a price in excess of Black's carrying amount, but less than its original cost. On a consolidated balance sheet at December 31, 20X8, the carrying amount of the equipment should be reported at: A. Blue's original cost. B. Black's original cost. C. Blue's original cost less Black

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Published by: nequwan79 on Nov 02, 2012
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08/27/2013

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