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The individual financial statements for Gibson Company and Keller Company for the year ending December 31, 2021, follow.
Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2019. Miller paid $848,000 in cash to the owners of Taylor to acquire these shares.
On January 1, Beckman, Inc., acquires 60 percent of the outstanding stock of Calvin for $66,312. Calvin Co. has one recorded asset, a specialized production machine with a book value of $14,000 and no liabilities.
intercomapny transaction
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