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Parent and Sub Inc had the following balance sheets on July 31,2007: The Net Incomes for Parent and Sub Inc for the year ended July 31,2007 were $120,000 and $60,000 respectively.
-Assuming that Parent Company purchased 80% of Sub Inc.for $180,000,the Liabilities section (including Non-Controlling Interest) of Parent's Consolidated Balance Sheet on the date of acquisition would total what amount under current GAAP?
Policymakers
Individuals or groups responsible for making decisions and creating policies for political, economic, or social systems.
Natural Rate
Often referred to in the context of unemployment, it is the long-term rate of unemployment that an economy experiences even when it is operating at a full capacity.
Natural Rate
The long-term unemployment rate that is observed once the effect of short-term cyclical factors has been removed and is thought to be due to structural factors in the economy.
Bureau of Labor Statistics
A government agency that collects, analyzes, and disseminates essential economic information to support public and private decision-making.
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