Abernethy’s common stock by paying $520000 in cash. All of Abernethy’s accounts

Question:

Abernethy’s common stock by paying $520000 in cash. All of Abernethy’s accounts are estimated to have a fair value approximately equal to present book values. Chapman uses the partial equity method to account for its investments. prepare the consolidation worksheet entries for December 31, 2017, and December 31, 2018.

Answer:

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