The following data pertains to Questions
Jean and John Inc had the following balance sheets on August 31,2007: 
On August 31,2007,Jean's date of acquisition,Jean Inc.purchased 90% of John Inc for $400,000.
-Prepare Jean Inc's consolidated Balance Sheet on the date of acquisition using the Entity Theory.
Definitions:
Pension Plans
Retirement plans sponsored by employers that provide a fixed income to employees after retirement.
Pay Secrecy
Policies or practices that restrict employees from discussing or disclosing their own or others' compensation information, often controversial in discussions of wage fairness.
Pay Compression
A situation where there is a minimal difference in pay between employees despite differences in their skills or experience.
Pay Inversion
A situation where employees with less experience or tenure earn more than their more experienced or senior counterparts.
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