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Co A acquired 70% interest in Co B July 31 for cash at $4.6m. Book Value of Co. Bs net assets is $2.45m. Fair Value

Co A acquired 70% interest in Co B July 31 for cash at $4.6m. Book Value of Co. Bs net assets is $2.45m. Fair Value of the non controlling interest in Co. B $1.6m

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