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B Co acquired 100% of C Co outstanding capital stock for $430,000 cash. Immediately before the purchase, the balance sheets reported the following: B 1on
B Co acquired 100% of C Co outstanding capital stock for $430,000 cash. Immediately before the purchase, the balance sheets reported the following: B 1on Assets 1,000,000 375,000 Liabilities 375,000 200,000 Common Stock 500,000 155,000 Retained Earnings 125,000 20,000 At the date of purchase, the fair value of C assets was $50,000 more than the book value. In the consolidated balance sheet prepared immediately after the purchase the consolidated stockholders' equity reported amount to Select one: a. 625,000 b. 840,000 o C. 800,000 d. 825,000
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