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D Question 9 The following balance sheet data is for Jones Company on December 31, 20X5 Cash $50,000 Account Receivable 100.000 Inventory 400,000 Accounts
D Question 9 The following balance sheet data is for Jones Company on December 31, 20X5 Cash $50,000 Account Receivable 100.000 Inventory 400,000 Accounts Payable 210,000 Common Stock 140,000 200,000 Retained Earnings On January 1, 20X6. Adams Corp. purchased 90% of Jones Co's common stock at book value. How much did Adams pay to acquire its 90 percent ownership of Jones? O 550.000 O495,000 0340,000 O None of the suggested answers are correct. 306,000 3 pts
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