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Prince Corporation Acquired 100 Percent of Sword Company
Prince Corporation Acquired 100 Percent of Sword Company
Prince Corporation Acquired 100 Percent of Sword Company
Workings
Acquisition Price 197000
Add:Net income 77000
less:dividends -21,000
less:amort -3000
balance 250000
basic consolidation entry -199,000
Excess reclassification 51,000