. Econ. 139 (Harmon) Illustration #3a Pepsi Co., which is a calendar??year??reporting company, purchased 90% of the common stock of Sprite Co. for $270,000 on

. Econ. 139 (Harmon) Illustration #3a Pepsi Co., which is a calendarâ??yearâ??reporting company, purchased 90% of the common stock of Sprite Co. for $270,000 on 1l1f20. On the acquisition date, the ...