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Exercise SA1-3 Equity income with intercompany profits. Spancrete Corporation acquires a 30% interest in the...

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Accounting

Exercise SA1-3 Equity income with intercompany profits. Spancrete Corporation acquires a 30% interest in the outstanding stock of Werl Corporation on January 1,2015. At that time, the following determination and distribution of excess schedule is prepared:
Price paid
Less interest acquired:
\table[[\table[[ess interest acquired:],[Common stock.],[Retained earnings]],\table[[\table[[$150,000
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