Problemprose corp owns 70 of the common stock of script co, Ask an Expert

Accounting

Problem:

Prose Corp. owns 70% of the common stock of Script Co. Script's revenues for 20x1 totaled $200,000.

Required:

Question: What amount of Scripts' revenues would be included in the consolidated total under the economic unit concept?

Note: Please show the work not just the answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164456

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