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  3. Modern Advanced Accounting in Canada Study Set 2
  4. Quiz 7: A Intercompany Profits in Depreciable Assets B Intercompany Bondholdings

What Amount Would Be Shown on Duff's 2017 Consolidated Statement

Question 18
Multiple Choice

What amount would be shown on Duff's 2017 Consolidated Statement of Financial Position under bonds payable? A) $110,000. B) $111,000. C) $112,000. D)$220,000.

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Q 19
The amount of goodwill arising from this business combination is: A) Nil. B) $72,000. C) $130,000. D)$220,000.
Q 20
What would be the journal entry to record the dividends declared by King Corp during the year? A) B) C) D)No entry.
Q 21
The amount of goodwill appearing on King's December 31, 2018 Consolidated Statement of Financial Position would be: A) Nil. B) $126,000. C) $224,000. D)$240,000.
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