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ACC 407-W3 - Assignment - Consolidation Problems
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Consolidation Problems

             P5-38)            Comprehensive Problem: Differential Apportionment

Mortar Corporation acquired 80 percent ownership of Granite Company on January 1, 20X7, for $173,000.  At that date, the fair value of the non-controlling interest was $43,250.  The trial balances for the two companies on December 31, 20X7, included the following amounts:

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