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The separate balance sheets of Platt Company

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The separate balance sheets of Platt Company The separate balance sheets of Platt Company and its wholly owned subsidiary, Speer Company, as of the date of acquisition are shown below. Assets Platt Speer Consolidated Data Cash $ 170,000 $ 57,000 Accounts Receivable 240,000 283,000 Inventory 100,000 300,000 Equipment (net) 300,000 486,000 Investment in Speer Co. 810,000 Totals $1,620,000 $1,126,000 Liabilities and Stockholders’ Equity Accounts Payable 250,000 166,000 Bonds Payable 120,000 150,000 Common Stock 1,000,000 630,000 Equipment (net) 250,000 180,000 Totals $1,620,000 $1,126,000 Instructions (Provide the amount that should appear in the Consolidated Data column for each of the selected accounts. If the accounts should not appear in the Consolidated Data column, indicate “None”. Assume that all accounts have normal balances and that Speer Company stock was acquired for cash at a price equal to its book value. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

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