Bard Co. owned several subsidiaries as of December 31. The following table shows the total liabilities of

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Bard Co. owned several subsidiaries as of December 31.

The following table shows the total liabilities of each subsidiary, excluding intercompany transactions, and the percentage of shares owned by Bard:

subsidiary Total liabilities % ownership

Brock Co. $ 4,000,000. 70

Harlson Co. 2.000.000. 48

Porter Company 7.000.000. 80

Nortin Co. 5,000,000. 100

What amount should Bard include as a liability on its consolidated balance sheet as of December 31?

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: May 25, 2023 03:35 AM

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Bard Co. owned several subsidiaries as of December 31. The following table shows the total liabilities of

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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