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On January 1,20X4,Plimsol Company acquired 100 percent of Shipping Corporation's voting shares,at underlying book value.Plimsol accounts for its investment in Shipping at cost.Shipping's retained earnings was $75,000 on the date of acquisition.On December 31,20X4,the trial balance data for the two companies are as follows:
-Based on the information provided,what amount of total liabilities will be reported in the consolidated balance sheet prepared on December 31,20X4?
Pediculosis
A parasitic infestation of lice on the human body, often affecting areas like the head, body, or pubic region.
Eczema
A group of conditions that cause inflammation, itchiness, and redness of the skin, often due to allergic reactions or sensitivities.
Scabies
An infectious skin disease resulting from minuscule mites tunneling into the dermis, causing severe itchiness and skin eruptions.
Mites
Tiny arthropods, related to ticks, that can inhabit various environments and sometimes cause human allergic reactions or skin conditions.
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