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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 of the stock of Solar Corporation on January for $ cash. As of that date Solar had the
following account balances:
In and Solar had net income of $ and $ respectively. In addition, Solar paid dividends of $ in both years.
Inventory is assumed to be sold in Assume straight line amortization depreciation for assets and bonds payable.
In and Solar had net income of $ and $ respectively. In addition, Solar paid dividends of $ in both years. Inventory is assumed to be sold in 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
$
B
$
C
$
D
$
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