Toni company is an 80 percent subsidiary of nathan, Finance Basics

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Toni company is an 80 percent subsidiary of nathan

Question: Toni Company is an 80 percent subsidiary of Nathan Industries. At the acquisition date (January 1, 20x5), Toni Company's plant assets (net) had a book and market value of 180000 and 250000, respectively. Assuming the plant assets have a ten year remaining life, what is the beginning purchase differential created in worksheet elimination number 1 for the 20x8 consolidated financial statements?

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