Question: On January 1 , 2 0 2 3 , Abbey acquires 9 0 percent of Benjamin's outstanding shares. Financial information for these two companies for

On January 1,2023, Abbey acquires 90 percent of Benjamin's outstanding shares. Financial information for these two companies for the years 2023 and 2024 follows (credit balances indicated by parentheses):
\table[[Items,2023,2024],[Abbey Company:,(790,000),$(1,010,000)
On January 1,2023, Abbey acquires 90 percent of Benjamin's outstanding shares.

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