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Exercise 1: On January 1, 2011, Lapwing Corporation purchased 70% of the common stock of Forage Corporation for $320,000 when Forage had Common Stock outstanding
Exercise 1: On January 1, 2011, Lapwing Corporation purchased 70% of the common stock of Forage Corporation for $320,000 when Forage had Common Stock outstanding of $100,000 and Retained Earnings of $...
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