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Jean and John Inc had the following balance sheets on August 31,2007: On August 31 , 2007,Jean's date of acquisition,Jean Inc.purchased 90% of John Inc for $400,000.
-Prepare Jean Inc's consolidated Balance Sheet on the date of acquisition using the Proprietary Theory.

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Jean and John Inc had the following balance sheets on August 31,2007:  On August 31 , 2007,Jean's date of acquisition,Jean Inc.purchased 90% of John Inc for $400,000.
-Prepare Jean Inc's consolidated Balance Sheet on the date of acquisition using the Proprietary Theory.

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Jean and John Inc had the following balance sheets on August 31,2007:  On August 31 , 2007,Jean's date of acquisition,Jean Inc.purchased 90% of John Inc for $400,000.
-Prepare Jean Inc's consolidated Balance Sheet on the date of acquisition using the Proprietary Theory.

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