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ACCT 549

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1-28 Hobson acquires 40 percent of the outstanding voting stock of Stokes Company on January 1, 2012, for $210,000 in cash. The book value of Stokes’s net assets on that date was $400,000, although one of the company’s buildings, with a $60,000 carrying value, was actually worth $100,000. Thi.....
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Problem 5-19 a) What is the noncontrolling interest's share of Rockne's 2013 income? b) Prepare Doone's 2013 consolidation entries required by the intra-entity inventory transfers. Problem 5-35 .....
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P9-28 Bartlett Company, headquartered in Cincinnati, OH has occasional transactions with companies in a foreign country whose currency is the lira. Prepare journal entries for the following transactions in US dollars. Also prepare any necessay adjusting entries at Decemb.....
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