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29. On December 31, 20X9, Peak Corporation acquired 80% of Summit Company's common stock by paying cash of $160,000. Total differential was $75,000. What was

29.

On December 31, 20X9, Peak Corporation acquired 80% of Summit Company's common stock by paying cash of $160,000. Total differential was $75,000. What was the full book value of Summit at acquisition?

Group of answer choices

$75,000

$275,000

$125,000

$200,000

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