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Dynamic co. paid cash of 356,000 for 65 percent of Sports co. outstanding common stock. Sports book value on January 1, 2020 was $320,000. Common

Dynamic co. paid cash of 356,000 for 65 percent of Sports co. outstanding common stock. Sports book value on January 1, 2020 was $320,000. Common Stock was $100,000 and Retained Earnings was $220,000. What is Sports co. fair value?

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