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Huey Company acquires 1 0 0 % of the stock of Solar Corporation on January 1 , 2 0 1 9 , for $ 2

Huey Company acquires 100% of the stock of Solar Corporation on January 1,2019, for $2,400,000 cash. As of that date Solar had the
following account balances:
In 2019 and 2020, Solar had net income of $250,000 and $240,000, respectively. In addition, Solar paid dividends of $16,000 in both years.
Inventory is assumed to be sold in 2019. Assume straight line amortization/ depreciation for assets and bonds payable.
In 2019 and 2020, Solar had net income of $250,000 and $240,000, respectively. In addition, Solar paid dividends of $16,000 in both years. Inventory is assumed to be sold in 2019. Assume straight line amortization/ depreciation for assets and bonds payable.
What amount of Solar's single legal entity stockholders' equity will be included in the consolidated balance sheet at date of acquisition?
Select one:
A.
$1,530,000
B.
$2,064,000
C.
$-0-
D.
$3,350,000
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