What effect would the purchase at January 1, 2019 have on the consolidated equity of Hanson?
A) There would be no effect.
B) There would be a reduction in consolidated retained earnings of $1,025.
C) There would be a reduction in consolidated contributed surplus of $1,025.
D)There would be an increase in consolidated retained earnings of $1,025.

Question

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The Answer of What effect would the purchase at January 1, 2019 have on the consolidated equity of Hanson?
A) There would be no effect.
B) There would be a reduction in consolidated retained earnings of $1,025.
C) There would be a reduction in consolidated contributed surplus of $1,025.
D)There would be an increase in consolidated retained earnings of $1,025.

What Effect Would the Purchase at January 1, 2019 Have