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Complex Property Corporation purchased 70% of Simple Realtors Corporation on July 1, 20X1, for $400,000. On the date of acquisition, the book value of Simple

Complex Property Corporation purchased 70% of Simple Realtors Corporation on July 1, 20X1, for $400,000. On the date of acquisition, the book value of Simple Realtors was $500,000, consisting of $300,...

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