On January 1 of the current year, Halen Company purchased all of the common shares of Jolson
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On January 1 of the current year, Halen Company purchased all of the common shares of Jolson Company for $575,000 cash. On this date, the stockholders' equity of Halen Company consisted of $600,000 in common stock and $310,000 in retained earnings. Jolson Company had $350,000 in common stock and $225,000 in retained earnings. What amount of total stockholders' equity appears on the consolidated balance sheet?
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Related Book For 
Financial Accounting
ISBN: 9781618531650
5th Edition
Authors: Michelle Hanlon, Robert Magee, Glenn Pfeiffer, Thomas Dyckman
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