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C_S4FCC_2021 · Question #40
C_S4FCC_2021 Question #40: Real Exam Question with Answer & Explanation
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Question
Company A purchased 80% of Company B for 80 million in December of 2022. Company B's equity is 50 million. What accounting entries should be generated when consolidation is run for December of 2022? Note: There are 2 correct answers to this question.
Options
- ADebit goodwill 50 million
- BCredit investment 64 million
- CDebit goodwill 40 million
- DCredit investment 80 million
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