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Pinick Corp. owns 90% of the outstanding common stock of Shell Company. On December 31, 2011, Shell sold equipment to Pinick for an amount greater than the equipment's book value but less than its original cost. The equipment should be reported on the December 31, 2011 consolidated balance sheet at ??

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M972360

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