Prepare a consolidated balance sheet for pen corporation

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Reference no: EM131174903

On December 31, 2011, Pen Corporation purchased 80 percent of the stock of Sut Company at book value.

The data reported on their separate balance sheets immediately after the acquisition follow.

At December 31, 2011, Pen Corporation owes Sut $10,000 on accounts payable. (All amounts are in thousands.),

REQUIRED,

Prepare a consolidated balance sheet for Pen Corporation and Subsidiary at December 31, 2011.

Reference no: EM131174903

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