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Business, 19.09.2019 01:00 MyAhBaBy123

Jordan, inc., holds 75 percent of the outstanding stock of paxson corporation. paxson currently owes jordan $470,000 for inventory acquired over the past few months. in preparing consolidated financial statements, what amount of this debt should be eliminated?
a. –0–.b. $100,000.c. $300,000.d. $400,000.

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