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Business, 18.09.2019 18:10 tgraveslaylay2743

Lead corporation established a new subsidiary and transferred to it assets with a cost of $90,000 and a book value of $75,000. the assets had a fair value of $100,000 at the time of transfer. the transfer will result in
a. a reduction of net assets reported by lead corporation of $90,000.b. a reduction of net assets reported by lead corporation of $75,000.c. no change in the reported net assets of lead corporation. d. an increase in the net assets reported by lead corporation of $25,000.

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Lead corporation established a new subsidiary and transferred to it assets with a cost of $90,000 an...

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