Porter Corporation purchases 60 percent of the voting stock of Ritz Corporation for $48,000.Ritz has common stock of $25,000 and retained earnings of $35,000.Based solely on the above facts,the consolidated balance sheet would include

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The Answer of Porter Corporation purchases 60 percent of the voting stock of Ritz Corporation for $48,000.Ritz has common stock of $25,000 and retained earnings of $35,000.Based solely on the above facts,the consolidated balance sheet would include

Porter Corporation Purchases 60 Percent of the Voting Stock of Ritz